People become risk tolerant when they become educated about the market. |
This isn't the kind of industry where half the companies are going to go bankrupt in a recession. They're in good shape to weather a downturn. |
When I think of Fidelity, one of its key aspects is flexibility. Fidelity managers are paid to invest flexibly and I think they're doing it well. |
When panic strikes, try to be calm. If that doesn't work, it's OK to panic. Just don't panic for the next 30 years. Learn from the experience. |