Suffering Through Your First Financial Crisis? Read This to Relax? [nytimes.com]

Rafael Maravilla(PACEs Connection Staff) 3/18/207:00 PM

By Tim Herrera, The New York Times, March 15, 2020

You already know the rational steps to take during a financial crisis: Don’t look at your 401(k) or investment accounts. Don’t stay glued to CNBC or the financial press. And, above all else, do not panic-sell your investments.

And yet: As Mike Tyson put it, everyone has a plan until they get punched in the mouth.

A generation of investors is experiencing its first genuine financial crisis. For many millennials — including yours truly — no amount of rational thinking can ease the pain of the first time you watch a fifth of your life savings evaporate in a few weeks.

[Please click here to read more.]

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