Markets go up, and markets go down. When your investment account is down, you may be tempted to stop investing or even sell your positions. In this short video, Wealthfront’s Chief Investment Officer Dr. Burton Malkiel explains what you should and shouldn’t do in a down market.
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This article is not intended as tax advice, and Wealthfront does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Wealthfront assumes no responsibility for the tax consequences to any investor of any transaction. Investors and their personal tax advisors are responsible for how the transactions in an account are reported to the IRS or any other taxing authority.