5 Lessons From 2015's Rocky Market
Expect further volatility, maintain a long-term plan, and think outside of the box, writes contributor John Wasik.
This past year in the markets reminded me of a narrow, treacherous road I once drove in Western Ireland to get to Slieve League, sea cliffs that towered over the Atlantic Ocean on a blustery day. There wasn't much room for error, but I knew if I just stayed the course--that is, if I simply kept on the road--my family and I would be fine.
Emotions naturally get churned up every time we see significant market volatility, as we did in tempestuous 2015. What lessons did we learn, and how can we apply those lessons moving forward?