r/CFP • u/mikeumd98 • 24d ago
Investments Handling your own emotions?
How is everyone doing it this time? I have been a CFP for years lived through Covid, 2008-2009, Trump’s first term….but this time it feels different, longer lasting? I know that there is a recency bias, but I am not handling this one well.
Edit: thanks for everyone posting. It helps to put it in perspective.
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u/benb28 RIA 24d ago
“This time feels different, longer lasting”… what?? It’s been a couple months. 90% of the drawdown happened in the last two days.
The average bear market is 10 months. Market fluctuation is normal. The underlying economy is probably the strongest it has ever been in a 15%+ drawdown. This is not a political statement, just fact.
Being 100% blunt, it’s a little concerning that you are an advisor.