The fear index. Yes, something colloquially called the fear index (VIX) spiked last week. I think that means we’re supposed to be scared, or people are scared, or your broker is supposed to tell you to not be scared by violent market swings. It’s certainly never fun to watch your account values adjust (a rose-colored word for plummet), but I wasn’t scared. Personally, a rough 168 hours in the market, or 8,736 hours for that matter, isn’t enough to have me fearing for the validity of my long-term investment strategy.

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