How to stay disciplined when the markets are turbulent

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The past year has been a tough one for investors. 

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A lot of money has been lost, and many people have had to re-evaluate their portfolios. Here are some of the lessons that have been learnt:

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1. Diversification is key.
 Investors who diversified their portfolios across different asset classes and geographical regions were better able to weather the storm. 

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2. Timing is everything.
Timing is everything when it comes to investing. Many people sold at the bottom of the market.

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Only to see prices rebound shortly afterwards. patience is a virtue when it comes to investing.

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3. Don't put all your faith in experts
Just because someone is an expert doesn't mean they always get it right. 

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Many so-called experts failed to predict the magnitude of the crisis, and as a result, their advice cost people a lot of money.

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4. Stay disciplined.
It can be tempting to abandon your investment strategy in times of turmoil, but this is often when you need to stick to your guns the most. 

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5. Don't put all your eggs in one basket

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This is a lesson that many people have learnt the hard way this year. Diversification is key to mitigating risk.

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