Outside the Box: How to avoid making stupid investing mistakes when the stock market drops

How things look depend on where you stand. Trying to figure out how to respond to the market drop? After the initial slump, a briefly rally and then another decline, the S&P 500 SPX, +1.37% is down 10% as of Friday’s close from its September all-time closing high of 2,930.75.

History suggests that, five years from now, share prices will be no lower than they are today, and 10 years from now they’ll be handsomely higher. But at times like this, history can be scant comfort.

What matters is making sure you get through the years ahead without too many self-inflicted investment wounds.

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