Trying to predict market swings usually results in buying and selling at all the wrong times. (more)
Believe it or not - you have several good reasons to believe the sky isn't falling. In fact, it may be clearing up. (more)
This isn't the first, or the last time we've faced economic uncertainly, but with 30 or 40 years until retirement, there's no need to rush out of the market. (more)
Special Offer
4 of 19
Meir Statman
Meir Statman
Professor of finance, Santa Clara University

Understand the pull of your emotions. Gains are fun. Gains bring pride. Gains promote optimism about the future. Losses bring sadness, fear, regret and pessimism.

We are naturally drawn to improving the state of our emotions, which is why people are tempted to get rid of their losing stocks. Develop some resilience.

My parents were 14 when they escaped from Poland as the Nazis were advancing in 1939. They met and married in Uzbekistan and went on to make a life for themselves. What is a 20% or even 70% portfolio loss compared to that?

NEXT: William Goetzmann

Last updated April 28 2008: 1:20 PM ET

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.