: Rather than following a rigid plan, investors may dynamically rebalance their portfolios—selling high-performing assets to buy those that have dipped—to maintain their desired risk level. Psychological Resilience and Behavioral Finance
: The potential for permanent capital loss or the failure to meet long-term financial goals. unperturbed by volatility pdf 2021
: Maintaining a cash reserve allows investors to act when volatility drives the prices of high-quality assets down. : Rather than following a rigid plan, investors