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Investors are paralyzed. They need to do three things right now.
Yes, it’s time to stop acting like a deer in the headlights. While one shouldn’t be checking their account everydayduring a bear market, they still need to review their portfolio to take steps to position it for the future.
Here are three things to do:
1. Harvest tax losses in taxable accounts to claim against past/future capital gains for tax purposes
2. Rebalance portfolio since your asset allocation has likely moved considerably off target (buy low and sell high principle)
3. Look across the valley and remember … have the courage to invest
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