It's Okay to Freak Out About Your Portfolio -- Just Don't Do This | Business News | wfmz.com

2022-05-21 22:27:06 By : Ms. Belan ForUDesigns

Areas of dense early morning fog, then partly to mostly sunny, hot, and humid. Record highs are likely...in the low to mid 90s. The heat index will be as hot as 95-100 degrees..

Mostly clear, warm, and muggy with patchy fog redeveloping.

The past number of months have been really tough for investors. And in recent weeks, stock values have plunged even more, leaving investors reeling.

You'll often hear that it's important to stay calm when stock values plummet. And that's definitely good advice. It's also advice that's really, really hard to follow. And I should know.

I'm one of those people who writes articles all the time about how important it is to keep your cool when the stock market takes a turn for the worse. The reality is that the market has a long history of recovering from downturns and rewarding investors who stick with it.

But let's be real -- it's hard to not get upset when you see your portfolio value tank in a matter of weeks or months. In fact, my stock portfolio is down about 25% this year. That's due to general market turbulence and the fact that I own a number of retail and tech stocks, and their shares have specifically fallen over the past number of weeks.

I try to make a point not to check my portfolio balance too often during periods like this. But even without checking, I follow the market closely enough to understand how sell-offs impact my portfolio. And right now, things aren't looking rosy.

I'm not going to pretend that I'm not bothered by the state of my portfolio -- because I am. And if you're worried about your investments, that's perfectly natural.

Imagine your stock portfolio was worth $400,000 at the start of the year, and it's now worth $300,000. If you were to liquidate all of your positions, that would potentially translate into a catastrophic financial loss. So it's OK to acknowledge the stress of that situation.

To simply say, "Hey, your investments are down hundreds of thousands of dollars, but it's all good, man" just isn't helpful these days. I'm here to tell you that yes, it's OK to flip out over the state of the market. And it's also OK to tweak your approach to investing in light of recent turbulence if that makes sense for you.

The one thing you shouldn't do, however, is dump stocks while they're down. If you do, you're only going to guarantee yourself losses that could take years to recover from.

The fact that my portfolio is down 25% this year has me experiencing a host of emotions, from annoyance to anger to occasional panic. But the one thing I keep telling myself is that I have no plans to tap my portfolio for decades, and as such, there's no need to get too worked up. Just as importantly, I refuse to fall victim to fear to the point where I start to cash out investments and take losses in my retirement plan or brokerage account for no reason.

You may be experiencing a whirlwind of emotions as stock market turbulence occurs. And it's OK to freak out about the losses you're seeing on screen, as long as you pledge to do one thing -- leave your portfolio alone. You may not be able to simply shrug off recent stock market events, but don't let them drive you to make poor decisions that hurt you financially in the long run.

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If you know of local business openings or closings, please notify us here.

· Ciao! Sandwich Shoppe to open second location on College Hill in Easton, replacing The Kettle Room

· Rene and Grisellies Benique have opened Ezekiel 47 Cafe at 10 S. Fifth Ave., off Fifth and Penn avenues, in West Reading. 

· Alter Ego Salon and Day Spa in Emmaus is holding a grand opening Sunday, May 22, from 11 a.m. to 3 p.m., with a ribbon cutting at noon. 

· Origen Latin Fusion has opened at the site of the former Tomcat Cafe in Sinking Spring, Berks County. 

· Sellersville Senior Residences will hold a ribbon-cutting ceremony May 24. The Bucks County affordable-housing community for adults 55 and older has 50 apartments, with eight allocated for people with behavioral health needs.

· The House and Barn in Emmaus has opened its Shed outdoor dining and cigar bar area. The House and Barn is at 1449 Chestnut St. in Emmaus.

· La Spa & Nail Bar will hold a grand opening from 11 a.m. to closing on Friday, May 20, with a ribbon cutting at 11 a.m. The 2765 Papermill Road, Wyomissing.

· Realtor Amanda Vachris and the Schuylkill Chamber of Commerce will hold a ribbon cutting at Vachris's new Keller Williams Real Estate office at 15 St. John St., Schuylkill Haven, at 4 p.m. on May 24.

· Il Gaetano Ristorante will hold a grand opening on Friday, May 20, at 5:30 p.m. The 665 Columbus Ave., Phillipsburg.

· First Commonwealth Federal Credit Union will hold a grand opening at its new headquarters in Trexlertown, 6126 Hamilton Blvd., on May 18.

· Vinyl Press Signs & Graphics has relocated within Emmaus. The new site is 15 S. Second St., not far from the former Sixth Street location.

· Pedro's Cafe in Emmaus to close

· SV Sports (formerly Schuylkill Valley Sports) to close Quakertown location

· Flemington DIY will host a Grand Re-Opening on May 14 at 26 Stangl Road, Flemington. The celebration will kick off at 10 a.m. 

· Elpedio’s Ristorante at Seipsville opened at 2912 Old Nazareth Road in Easton. The restaurant is open Wednesday through Sunday.

· Uai Brazil opened at 315 Lehigh Ave, Palmerton, offering both a seated or buffet option. 

· Colombian Mex Restaurant opened at 107 E Union Blvd in Bethlehem, offering traditional Colombian cuisine. 

· Precision Ink opened at 161 W Berwick St. in Easton. 

· King Wing opened a location in Bethlehem at 129 E. Third St., serving wings and sandwiches. 

· Molinari's at 322 E 3rd St. in Bethlehem is re-opening, offering ticketed seating with an Italian menu offering. 

· Tony's Pizza & Restaurant opened a new location at 3417 Sullivan Trail in Easton. 

· Big Papa's Restaurant & Catering opened at 1236 Northampton St, Easton. Dale Koehler & Sons Farm will supply the restaurant with meat and eggs.

· Route 61 Hardware has its ribbon cutting at 635 Fountain St. in Ashland at noon on June 24.

· The Shenandoah Pharmacy will hold a ribbon cutting at noon, June 1, at its 33 N. Main St., Shenandoah, location.

· The Canalside Cup on Route 611 in Williams Township opens for the season May 13

· The Curious Plantaholic Nazareth has expanded into New Jersey with a second store at 20 Main St. in historic Clinton, Hunterdon County. the original store is on Belvidere Street in Nazareth. 

·  Childcare With A Purpose and Lehigh Valley Martial Arts are both coming to the shopping center on Easton Avenue in Bethlehem later this year. 

·  Within Harmony wellness center has its grand opening May 18 and 5 p.m. The center, which will provide services such as reiki and crystal energy sessions, is located at at 182 S. First St. in Lehighton

· Time 2 Talk Therapy Services will hold an open house June 1 at 521 Bridge St. in Lehighton

· Alter Ego Salon & Day Spa to hold grand opening on May 22 at 500 Broad Street in Emmaus

· Sephora at Kohl's to open at Whitehall Kohl's

· Juliette Bridals by Ivana has relocated to 161 Glenworth Rd., Pottsville and is having a "relocation celebration" on May 19 at noon. 

· Iqor has opened a new 30,000 square-foot call center in Allentown

· Life Advance Fitness at 436 State Ave. in Emmaus opens on May 11

· Grocery Outlet Bargain Market is open at 561 S. Broad Street in Lansdale, in the former Super Foodtown location. 

· A new mafia-themed bar named Capo & Co. Keg and Cork Kitchen is hiring staff in Emmaus. The restaurant is at 1375 Chestnut St. and will feature a self-tap wine bar. 

· Terrain on the Parkway, at 1625 Lehigh Parkway East in Allentown is open and renting apartments ranging from studio to three-bedroom size. 

· McCall Collective Brewing plans a May opening for its second location at 7743 Hamilton Blvd. in the Breinigsville section of Upper Macungie Township. The original brewpub is in Allentown. 

· Project Paw cat cafe and thrift shop opened April 30 at 452 Northampton St., Easton. The cats in the cafe will be available for adoption. The business supports The Center for Animal Health & Welfare in Williams Township.

· McDonald's of Coopersburg is open at 6690 Short Drive, Upper Saucon Township, just off Route 309

· Oley Valley Inn in Oley Township is coming back as The Riedenau House, a farm-to-table restaurant. It will serve a German menu.