Dan Kemp: Periods of market volatility are always unsettling for investors, but they present a great opportunity to improve the overall quality of your portfolio by buying great assets at discounted prices.
The most difficult thing is to remain long-term while those around you are panicking. It's particularly difficult when buying assets and then seeing the value decline further as prices go beyond what would be considered a fair value. But stay long term, retain that focus, but don't be complacent. We know from 2008 the change in the financial economy can have an impact on the real economy altering that long-term fundamental value.
So, in summary, don't panic, focus on value, but remain aware of what's happening to the fundamental value of your holdings.