MyMoney Online, The Personal Finance series with Warren Ingram

In or out? What to do (when you don’t know what to do) with your investments

(Click here for more personal finance articles such as this one.)

Stock markets are extremely volatile at the moment.

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, about what to do when you don’t know what to do in the midst of tumbling currencies and economic blunders.

Scroll down for quotes from the audio below.

If you don’t know what to do; do nothing!

Warren Ingram, Galileo Capital Financial Advisor

The best way to get perspective is take a few steps back to give yourself a larger view.

Warren Ingram, Galileo Capital Financial Advisor

Stop thinking in short-term snapshots.

Warren Ingram, Galileo Capital Financial Advisor

Resist the urge just to do something because events are happening.

Warren Ingram, Galileo Capital Financial Advisor

Markets always become irrational at the end of a long cycle.

Warren Ingram, Galileo Capital Financial Advisor

You can’t make long-term investment decisions based on short-term events.

Warren Ingram, Galileo Capital Financial Advisor

All or nothing thinking is very dangerous.

Warren Ingram, Galileo Capital Financial Advisor

Resources will turn.

Warren Ingram, Galileo Capital Financial Advisor

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