The most important thing to do at the current moment is to drown out the noise and to focus on what you as an investor need to do. Understand that you are an investor and not a speculator. As an investor you need to hold strong in turbulent times rather than react at intermittent triggers. Remind yourself that you are in it for the long-term and would any day eschew short-term gains in favour of long-term wealth creation. I know this is hard to do on a day when the markets fall by 8 per cent. However, it is exactly what you should do on a day when the markets fall by 8 per cent. Yes, there has been significant wealth erosion. Yes, the future looks bleak from where you are currently standing. But, remind yourself of Warren Buffet’s quote, “Our favourite holding period is forever”. Do not panic and unnecessarily exit your investments while they are in the red. Instead, evaluate your holdings, assess their future prospects in light of the current scenario and then make informed decisions. This can also be an opportunity to scout for buying strong growth companies at compelling valuations. Just be judicious and stay tethered to your overall asset allocation strategy.