Title: What you need to know about stock market 'witching days'
Headings: What you need to know about stock market ‘witching days’ — and why you shouldn’t fear them
What you need to know about stock market ‘witching days’ — and why you shouldn’t fear them
“Witching days” on the stock market are nothing new, but they still can cause a lot of volatility. Here’s an explanation of what they are and why they’re nothing to be alarmed about.
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Witching days don’t merit drastic moves with your money or portfolios, says Jedidiah Collins, a Washington state-based author and certified financial planner. The volatility will work itself out in a day or two, he says, and if you panic and decide to move your money around based on a short stretch of volatility, you may need to do some course-correcting to make sure you’re still in line to meet your long-term financial goals. So ignore any noise, and stick to your existing strategy. “Keep the long term in mind,” Collins says, and the best way to do that is to slow down and think your decisions through. “ You’ll get a lot of clarity when you just stop to breathe.” More from Grow: Warren Buffett, Howard Marks, Ray Dalio: What top investors are saying about the stock market
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