Crash. Collapse. Carnage. Calamity. Meltdown. Panic.
Well, these are some attention-grabbing keywords you must have heard and read in business media over the past two days. Even I used the word crash in the headline of this post to grab your attention. And it worked, didn’t it?
Well, that’s the way the psychology of fear works, and especially when it come to the stock market. The media adds so much fuel to fire, that short-term losses end up overshadowing our awareness about the possibility of long-term gains.
Amidst this, here are answers to the ten key questions on the current crash I have received from tribe members since yesterday – all asking what to do as others around them lose their heads.
You won’t find perfect answers below, but this is just my attempt to help you get over your fears, which may otherwise lead you to act in haste, which can cause some damage to your process of long term wealth creation.
Let’s start right here.
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