Welcome to Sit. Stay. Save. How can we help? Caller: I checked my retirement account and my balance Caller: went down. Should I panic, sell everything, and hide my money under my mattress? First of all, terrible hiding spot. Everyone checks under the mattress. Market ups and downs are normal. It's called market volatility. Basically, the stock market has mood swings. One day it's up, the next it's having a meltdown. Caller: So, I shouldn't sell everything? Making emotional decisions during market downturns can hurt your long-term savings. Exactly. Selling when prices drop can lock in your losses, and if the market rebounds, you could miss out on potential gains. Remember, retirement investing is a long-term strategy. So, don't panic. Review your investments, stick to a plan that fits your goals, and leave the mattress out of it. [ Bell Ringing ] [ Upbeat Music ]
