I am hearing that question way too much in the past few days. I know it’s great filler for CNBC and Bloomberg to ask their guests “What should investors do now?” Of course, many of these experts were suggesting to buy the market last week and so it’s not such a surprise that they would be saying similar things today.

Now is the time for hindsight. It doesn’t need to be 20/20. It just needs to be less blind than it was a few weeks ago. Once you are done asking  - “What do I do now?” - make sure to ask yourself and your advisor some better questions like “What should I have done weeks ago?”, “Why did I not do it?”, and “What can I learn from this to do better the next time?”

When we had the February 27th decline, I encouraged investors to research which stocks were holding up better than others and look to them once the selling wave ends. I feel the same this time. Jumping in now may give you a great bargain if there is an immediate rally. It might also crush you even worse than the past few days if the slide continues or accelerates.