Market fluctuations may have employees concerned
While recent market fluctuations may have employees concerned, saving for retirement involves investing for the long term. And that often means staying the course with existing investment plans, even when markets get volatile.
Shlomo Benartzi of Voya's Behavioral Finance Institute for Innovation writes about why we are “wired to hate a portfolio full of red ink.” He explains our costly reactions in terms of the behavioral concept of myopic loss aversion, and provides practical tips for helping investors avoid panic selling.
You can learn more in his latest Wall Street Journal article: Here's Why Some Investors Panic. And Here's How to Make Sure You Don't.
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