Dick Fitzwell
Striker
Don't panic fella, the markets are very much up and down right now some sectors are up and some are taking a hit. That is why you need to have a bit of a diverse portfolio. I've tried to spread mine about a bit and I have 5 rungs on my ladder, cash savings for emergencies and enough to cover a year of not working, shares that I have researched and know the value of to the best of my ability, a few crypto ICO's but nothing above a level I am prepared to lose on, precious metals, an investment platform (AJ Bell) and property.Down 7% now !!
The way I look at it is what you are putting away now is all for the future and you only really need to take stock and evaluate it say a year or so before you are ready to retire or ready to take the money out. Remember this is your nest egg for retirement it's not a huge gamble as you are spreading the cost of your investments over years so you are effectively (hopefully) improving your cost averaging.
I have a rule that I only look at the investments I have made at the end of the month then when my pay hits and I am ready to invest again I have a good idea of where it will go this month.
I am guessing you are not needing the money right now so don't worry that it has dropped 7% just think of that drop as a great investment opportunity where you have got more shares for your money.