How A Financial Advisor’s Brain Reacts To A Crashing Market
March 25, 2020 by Christopher Friedmann
The stock market is getting hammered. Every penny that the market has gained over the last three-plus years has been wiped away. Nothing and no one is safe. But it’s not just your portfolio or your clients portfolios that are taking a beating, it’s your brain too.
Stress wreaks havoc on the human brain, and you’ll need to work hard to keep it from panicking and laying waste to all those long-term investing goals you put in place for yourself and your clients.
For financial advisors, a market crash is double the stress. You have to worry about yourself and your clients. You have to have to keep two sets of people calm.
Market crashes are already terrifying, toss in a dose of global pandemic and it becomes a once-in-a-lifetime sort of dread. Compounding matters is that many of us happened to be isolated.