00:00 Speaker A
I think, look, anytime you’re making investment decisions, you need to be following some sort of rules-based process. Anytime you start to get volatility, investors make the number one mistake that they always make, which is they get emotional. They might change their strategy. They might, you know, run away from things that could work and maybe sit on cash for too long. You know, in these instances, really try to get laser focused on creating a process. Maybe if you’re, if you’re really scared, uh, of volatility or drawdowns, put some stop losses in place. But that decision tree really needs to be emotionless. Follow a strategy, stick to it, uh, and and try not to make, you know, snap judgment decisions, especially as we’ve seen over the last couple weeks with this volatility, you have massive down days and then all of a sudden you’ve got a 10 and a half percent update in the S&P 500 out of, uh, over a tweet, right? And a change in policy. So just stick to a plan and, uh, try to stay as unemotional as possible.