Now, obviously, I don't like headlines of the market crashing. I'd rather the market be up 10% or 20%. However, one of the principles I adhere to is that all of the money that I have invested in the stock market is money that has at least a five-year horizon. So if I have money that I need for a down payment, a tuition payment, anything really that I'm going to spend in the next five years, I keep that money in cash and not just 0% cash, but cash in a bank account or money market fund or treasuries, anything in the market for me has a five-plus-year horizon.

That means that unless the market doesn't recover over the next five years, it being down 10% right now or 20% or 30% or whatever that number ends up being doesn't have a huge impact on my life other than whatever emotional toll I let it take on me while it's happening.