Stick to the plan

The last few weeks have been straight out of a movie and almost unimaginable in terms of how quickly all our lives have changed from a social standpoint. When it comes to investing, we have seen many events in the past that caused markets to panic. The one thing these market events have in common is that they unfold in different ways. As an investor, the key is to have a strategy and a plan. As the saying goes, ‘Fail to plan then plan to fail.’  

As I write this article, our markets are extremely volatile, seeing declines over a short period of time that have never been seen before. In times like this, it’s human nature to panic, worry, doubt and in some cases, make irrational decisions. As I’ve written before, I love reading and studying anything Warren Buffett with regards to investing. He has a poem he references that applies to times like this: