The sky is falling?!?!

For awhile now the market has been doing well.  Almost every news feed is making some type of declaration the bull run is over an we are going into a bear market. The old the sky is falling. 

Who cares!!!! What goes up must go down.  What goes down never stays down.

The question is what will you do?  Will you freak out and look at your investments everyday?  Will you count the % of your lost or the amount your portfolio went down?

What you will do or have done is the past during this time will help you determine your investing personality.  You probably will fall into one of these three categories.

1. freaked and sold; you are risk adverse.  
2. You stayed put or maybe sold some; then worried and though about selling everyday. 
3. You just ignored the noise.You believed in your plan

Note this post and remember it every time the market falls.  For a long term investor obviously the third way makes your life the easiest. Falling into the other two categories isn't bad; just knowing who you are lets you overcome the inner-you and develop a plan you can stay the course with.

Remember stay the course; keep your plan; and diversify so when the sky is falling it falls a little less.