Top Ten Things Not to do When the Stock Market Goes Nuts.

Before we get into the Top Ten list, I want to let you know that I will be attending my oldest grandaughter’s college graduation in Indiana and taking a log break from Wednesday, May 11th until Thursday, May 19th. I will be monitoring e-mails but not posting and probably not visiting blogs. I have not taken a break since I started blogging in 2013. The inspiration for this break comes from my Mac is still in repair, and my Dell PC weighs more than me, so it is staying home. I’m really lousy at communicating on the iPhone, so I decided it was break time. I’m letting you know because at my age, when I stop blogging, most figure I died, and that is not the case. I will send another reminder with each post until Wednesday.

 

Photo by Jamie Street on Unsplash

This post was originally published in August of 2015. Since the stock market has had a wild ride this month I figure it is still good advice.

* * *

 

The inspiration for this list is last week’s volatility in the price of stocks. Although I was tempted to do almost all of them, I refrained and kept myself under control. Hopefully, I will keep the list handy for the next time since I have a feeling there will be many more thrill rides this year.

Top Ten Things Not to do When the Stock Market Goes Nuts.

10 When the stock market goes nuts, do not go near an open window. If you do, at best, you will think about jumping out. At worst, you will take a jump and then realize the window is on the ground floor. (Pretty embarrassing dropping thirty-six inches)

9 When the stock market goes nuts, do not call your broker. If you do, at best, they will talk you into calming down. At worst, you and your broker will be calm as you lose 20% of your 401K. (Now, don’t you feel better after the call?)

8 When the stock market goes nuts, do not panic. If you do, at best, you will embarrass yourself in front of co-workers and family. At worst, you will need to seek a specialist on hair replacement when the panic is over. (That bare spot on the side definitely needs attention)

7 When the stock market goes nuts, do not sell anything. If you do, at best, you will feel in control but poorer. At worst, you will incur losses that will take years to replace, and now you waited too long to get back in, and the prices are already too high. (I know it’s complicated)

6 When the stock market goes nuts, do not listen to the analysts’ advice. If you do, at best, you will make a sudden move, and you will be already too late to save money. At worst, you will listen to the wrong analysis and do the opposite of the right thing. (After all, no two analysts have the same advice)

5 When the stock market goes nuts, do not let others know how bad things look. If you do, at best, you will have to deal with their concerns and advice and the problem of lost value. At worst, you will be compelled to make an unwarranted move to convince others you are in control. (This is true if you are the custodian of others’ funds)

4 When the stock market goes nuts, do not check your accounts. If you do, at best, you will be tempted to make a sudden ill-advised move. At worst, you will focus on the negative reports to the point where you will need shock therapy to make a comeback. (Positive reports are not valuable in the current situation.)

3 When the stock market goes nuts, do not read the financial news. If you do, At best, you will be convinced the world is coming to an end. At worst, you will need to have a cardiologist on speed dial to handle your recurring symptoms of heart failure. (Makes you want to be a trained EMS tech so you can self-administer defibrillation. Of course, you can take those paddles yourself, right?)

2 When the stock market goes nuts, do not go into the local pub. If you do, at best, the problem will still be there tomorrow, along with that gigantic throbbing head sharing your bed. At worst, you will get it into your mind to have it out once and for all with the stock seller person, and the police intercept you before you get to where they live. (Don’t worry about the DUI. As bad as it is, it’s easier to handle than what you were thinking about doing last night.)

1 When the stock market goes nuts, do not forget why you invested in stocks in the first place. If you do, at best, you’ll neglect your long-range financial goals. At worst, you will put all your money into a box under the bed with the possibility that it will be worth much less in the future or a burglar will find it. (Not to mention you arguing with the firefighters about getting back into your burning house.)

82 comments

  1. Well, I never bought any shares… So I don’t worry too much. 😀

    Liked by 2 people

    1. You are very smart😀

      Like

      1. John,
        David Letterman watch out. Your Top Ten lists are funny.
        Regarding the market, I’ve developed (over the years) a skill at Buy high and Sell low. I should write a book about it. It takes a “special skill.”
        Have fun at graduation. A proud grandpa. Hey, how far North in Indiana? See ya …….

        Liked by 1 person

      2. I also like your stock strategy. Buy high sell low that’s the only way to go. Southern Indiana. Brown county.

        Liked by 1 person

  2. Have a lovely visit! 🙂

    Liked by 2 people

    1. Thank you, Annette

      Liked by 1 person

  3. Congrats to your oldest granddaughter! Have a lovely visit. I’m glad it’s the Mac that died and not you! 😉 Thanks for the heads-up. Have a wonderful week, John 💕🙂

    Liked by 1 person

    1. I’m glad it was the Mac too. 🤣 Thanks Harmony.

      Liked by 1 person

  4. Thanks for the heads up on your break. You’re right, of course. We would all panic without it!
    As for the stock market going nuts, best not to keep looking at it!

    Liked by 1 person

    1. Good advice. 😂😂

      Liked by 1 person

      1. I have seen the stress it causes. My financial adviser advised me if I’m doing okay or not…😉

        Liked by 1 person

      2. I have a managed account so I let them fret for me.

        Liked by 1 person

      3. Same thing for me 🙂

        Liked by 1 person

  5. Have a good break, John. I know it’s well-earnt. To allay any fears, you could put up a brief post every few days confirming you are still alive. Advance scheduling is the most convenient way (I daren’t say how far in advance I’ve scheduled Sunday Serialisations posts) but may defeat the reassurance objective. Congrats to your granddaughter, too.

    Liked by 1 person

    1. Thank you, Keith. I think I will leave it up in the air. 😀

      Liked by 1 person

  6. Never got my head around stocks. All I know is that they were given to me as birthday presents and I’m not supposed to ever touch them. Enjoy your break.

    Liked by 1 person

    1. Well that is one way to handle them. Thanks, Charles.

      Liked by 1 person

  7. Number eight had me laughing.

    Enjoy your break, John. Well deserved. And congrats to your granddaughter!

    Liked by 1 person

    1. Thanks, Joan. Glad you got a laugh.

      Like

  8. I try to avoid checking the market. Watching my 401k shrink is so depressing. Congratulations to your granddaughter, John. Enjoy your much deserved break!

    Liked by 1 person

    1. Thanks, Jill. Just don’t look. 😀

      Like

  9. Have a safe and enjoyable trip. And thanks for the heads-up. If you suddenly disappeared, I’d only think the girls finally had managed to take control of the household and hadn’t yet learned how to blog, but it’s good to know the truth!

    Liked by 1 person

    1. Thank you, Linda. Your scenario could still happen. 😄

      Like

  10. I was doing well until #2. The pub is my go-to answer in times of crisis, John. My back windows are six feet off the ground…probably not high enough. I guess I’ll sit tight.

    Enjoy your break, and pass along congratulations to your granddaughter from all of us.

    Liked by 1 person

    1. Thanks, Dan. Yeah sit tight. 😊

      Liked by 1 person

  11. I only dabbled in the market for a few years, but this All sounds like sound advice to me!! 🙄😬🤣

    Liked by 1 person

    1. I’ve been in the market for 50 years. The highs and lows are nerve wracking but I’ve learned to pretty much ignore the day to day. Thanks, GP.

      Liked by 1 person

  12. Enjoy the graduation John.

    Liked by 1 person

    1. Thanks, John

      Liked by 1 person

  13. Congratulations to your granddaughter, John! Enjoy your break!

    Liked by 1 person

    1. Thank you, Linda.

      Liked by 1 person

  14. Hubby was mourning the stock market last week – should have shown him this list, lol. Congrats to your granddaughter, John! And you’re far overdue for a break. Enjoy!

    Liked by 1 person

    1. Thank you, Teri. There will be plenty more to mourn so give him the list. 😀

      Liked by 1 person

  15. All I have to say is I hope my financial planner knows what he’s doing. Enjoy your time at the graduation, John!

    Liked by 1 person

    1. Thank you. I will enjoy. I have a portfolio manager that I trust too.

      Liked by 1 person

      1. You’re welcome, John.

        Liked by 1 person

  16. Good timing on these, John. I also try to keep my cussing down below the boiling point.

    Liked by 1 person

    1. Cussing is a good way to vent. Go to the yard though. Thanks, Tim.

      Liked by 1 person

  17. Have a lovely time! By the way, we are visiting our money person next week! Will keep these points in mind!

    Liked by 1 person

    1. Yes. Do keep them in mind.

      Liked by 1 person

  18. Gwen M. Plano · · Reply

    Congratulations to your granddaughter and her loving family! I’m so happy you’re attending, John. She’ll always remember this moment and love you all the more. As for the stock market, I’m afraid to look these days — so I don’t. Have fun and forget about all the pressures of life. 💗 🎉💗

    Liked by 1 person

    1. Thank you, Gwen. Yes not looking is the right thing to d. Thanks for the well wishes.

      Like

  19. Have a fabulous time at your granddaughter’s graduation! Enjoy your blogging break! You’ve earned it!

    Liked by 1 person

    1. Thank you, Jan

      Like

  20. Great list, John. Filled with wisdom. Hard not to panic, but #1 really sums it all up. Congrats to the new grad (I’m assuming she probably already has a job … or plans to further her education?) Thanks for letting us know you’ll be taking a break — seems like a well-earned rest is overdue! Safe travels, too!

    Liked by 1 person

    1. Thank you, Debbie

      Liked by 1 person

  21. My husband stays on top of these things, but I don’t. We’re conservative, diversified investors. Greg pretty much arranged it so we can be comfortable in our retirement. Not wealthy, but solvent 😉 Congratulations to your granddaughter, John. I am SO happy you are taking a break. Just focus on family and fun. We’ll all still be here when you get back 🙂

    Liked by 1 person

    1. Thank you, Marie 😁

      Like

  22. Have a wonderful trip, John!

    Like

  23. I hope you really enjoy your well-deserved break, John! As re the stock market … my philosophy that what goes down, eventually comes back into balance. Best to leave it alone if you have the time to do so. Have fun in Indiana, enjoy the graduation, and relax! We’ll still be here when you return!

    Like

  24. D.L. Finn, Author · · Reply

    Good advice for those drops. Have a great break and trip, John.

    Liked by 1 person

    1. Thank you, Denise

      Like

  25. Congratulations to your granddaughter, John. Wishing you and The Producer a lovely trip!

    Liked by 1 person

    1. The Producer is staying home. Lucy and Twiggy can’t be kenneled so she needs to take care of them.

      Liked by 1 person

  26. Great Top Ten, John! Enjoy the graduation, and thanks for the heads up that you’re not dead. 😂

    Liked by 1 person

    1. Always glad to confirm life, Jennie. 😁

      Liked by 1 person

      1. Haha!! You’re the best. 😀

        Liked by 1 person

  27. Thanks John! At best funny advice. At worst, frightening!
    I do like your top10,lists a lot.

    Have a great break and enjoy your grand daughter’s graduation! This trip may just be MORE IMPORTANT than blogging!
    I think so.

    Liked by 1 person

    1. I think it is more important than blogging too.

      Liked by 1 person

      1. 👍😘👩🏻‍🎓

        Liked by 1 person

  28. A variation of #8: When the stock market goes nuts, do not go nuts yourself.
    As to #6: Never trust analysts.
    😉

    Liked by 1 person

    1. Good ones, Pit. 😁

      Liked by 1 person

      1. 👍😉

        Liked by 1 person

  29. I’ll miss ya, John. But enjoy yourself.

    Liked by 1 person

    1. Thank you, Andrew. I’m back and had a great time.😊

      Like

  30. That is great. And heartiest congratulations and best wishes to your granddaughter.
    Here are 11s and 12s and…OK I will stop at 12:
    11. Don’t forget what goes up comes down. And what goes down comes up (no this is not 12)
    12. Don’t forget that when you buy someone is selling. Don’t also forget when you sell someone is buying.
    There…clearer than deciphering the markets 🙂

    Liked by 1 person

    1. Excellent Ankur. I have written theses down so I won’t forget. 🤣

      Like

  31. Congrats to your granddaughter. Hope you’re having a lovely time. I did chuckle at your reassurance but I did think ooo where’s John so there you go, you were missed by me xx

    Liked by 1 person

    1. Thank you so much, Charlotte. I’m back. Sorry it took so long getting back to you.

      Liked by 1 person

      1. No worries John, lovely to hear from you. I hope you had a super time.

        Liked by 1 person

      2. I have the time of my life. 😁

        Like

  32. A worthy repeat John, and sadly, always relevant. Wish I read it before I called my advisor today. Lol. Enjoy your family time and break. 🙂

    Liked by 1 person

    1. Thank you, Debby. It was great.

      Liked by 1 person

      1. Good to hear! 🙂

        Liked by 1 person

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