I have long felt the greatest threat to the retirement dreams of most investors can be found in the combination of misinformation promulgated by the securities industry and much of the financial media. Together, they deliver a stream of marketing hype carefully crafted to enrich themselves at your expense.
They seem to go into overdrive when there is an opportunity to create fear and anxiety. The extreme market volatility we experienced last week gave them just such an opening. Their conduct was predictable and unfortunate. The amount of terrible investment advice they managed to disseminate over a short period of time was truly staggering.
If you want to avoid becoming a victim of the industry’s latest machinations, here are some rules you should follow to guide you through a possible market correction.
Read the rest of the article at US News.