Donald Trump offered his advice Monday for investors taking a pounding in this week’s market tumble: Don’t sell.
“You’re better off holding,” the former reality show host, real estate scion, and Republican presidential candidate told the New York Times, citing the historical behavior of a crashing market to surge back, allowing those who wait out the storm to avoid losses in the long run.
“I’d hate to see it come back and they end up with the short end of both deals,” he said.
Though the personal financial disclosure he made as a presidential candidate showed the portfolio of a real estate magnate—relatively light on stocks because “you are so much in the hands of other people”—he told the Times he would have advised selling last month had someone asked him, because he didn’t like the market’s reliance on Asia.
“I had a feeling things were bad,” he said.
If you don’t have Trump’s skills as a prognosticator, here are 5 things you can do to survive a market meltdown without stressing out.