This week’s theme is millionaire habits. The habits, behaviors, and attitudes of the most successful among us can teach us something about how to reach and maintain a financially secure retirement. So this week, I’m focusing on the millionaire habits that I observe most often among my clients.

Back in December when the stock market was in free fall before Christmas, I spent more time than usual talking to clients with rattled nerves.

But during that month, I didn’t have a single client call who begged me to get them out and sell everything. Most of the clients I talked to were concerned, having lost thousands of dollars that month alone, yet they took it in stride.

Part of what makes a successful investor, successful, is their ability not to let fear dictate their investment decisions.

Someone who panicked and sold before Christmas when the market was plunging also missed the single biggest point gain in the history of the Dow Jones Industrial Average - up 1,086 points on December 26th. And then they missed the day after that when the Dow was up big again!

In fact, some of the best days in the stock market’s history have come shortly after big drops.

You have zero control over the events of the economy & the stock market, but you have complete control over your reaction to those external events. So the next time you’re tempted to panic sell, think about the last time you’ve met a millionaire market timer.

Yeah, I’ve never met one either.

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip.

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