#Trump100Days Don't panic: plan ahead

When markets are volatile, it's tempting to panic. But financial expert Douglas Boneparth, certified financial planner and founder of the wealth management firm Bone Fide Wealth, says that selling at the lows is "the worst thing you can do." In short, withdrawing your money during a recession can lock in losses, and you could miss out on the market's biggest recovery days, which often lead to long-term gains.

Maintain consistency and discipline

In unstable markets, a calm and measured approach could be your greatest asset. "Investing is not about picking the perfect stock," Boneparth said. "It's about doing the boring things consistently over a long period. That's what makes it hard."

Catherine Valega, certified financial planner at Green Bee Advisory in Boston, recommends continuing to invest, especially for those who work and have a 401(k) plan. Those without a 401(k) plan can set up automated investments, Valega said.

Build a cash reserve (some call it an emergency fund)

Start by creating a solid cash reserve, ideally equivalent to at least three to six months of living expenses. "That gives you the cushion to handle emergencies or opportunities without affecting your investments," Boneparth said.