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5 Things to Do in a Market Meltdown

Reacting out of panic--and without a plan--is rarely a good move.

The market has been brutal over the last few days as concerns over China, Fed rate hikes, and commodity weakness have converged into a perfect storm of worry. These are trying times for investors, invoking stress that hasn't been felt so acutely since 2011 at the height of the eurozone crisis, and conjuring bad memories of 2008.

Although such times in the market make us feel like we need to do something, reacting out of panic is rarely a good strategy. Instead, take a few minutes to read through these steps and think about your own investments and your own long-term plan. Then you'll know if action really is warranted, and if so, exactly what do to.