Personal Finance

Deepak Chopra: Don’t get caught up in the market melodrama. Here’s how to stay calm.

Deepak Chopra

Adam Jeffery | CNBC

The twists and the turns of the stock market may have you itching to make a move, but health and wellness expert Deepak Chopra has some advice: stay calm, don’t panic.

“Any investor will tell you that if you get caught up in the melodrama of the fluctuations of the stock market, you’re going to be a loser,” the best-selling author and co-founder of The Chopra Center for Wellbeing, recently told CNBC.

“If you want to be a winner, stay in for the long haul, and don’t take unnecessary, impulsive risks and actions.”

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Market volatility has been rearing its head of late, with jittery traders selling on concerns about an escalating trade war with China. On Monday, the Dow Jones Industrial Average closed down more than 600 points, its worst day since January.

Finding your zen amid the turbulence may be easier said than done.

Chopra, whose books include “Creating Affluence” and “The Seven Spiritual Laws of Success,” is the master of mindfulness and meditation. He has a number of tips for not losing your cool.

If you want to be a winner, stay in for the long haul, and don’t take unnecessary, impulsive risks and actions.

Deepak Chopra

health and wellness expert

First, you should locate your “calm center,” which he has said is the “silent core of your being.”

“Acting from that place allows you to respond to whatever difficulty with balance and grace,” Chopra advises on his website.

For many, that can be attained by taking three or four deep breaths.

“As you do this hold in your mind that with every inhalation you are bringing a calming, clarifying wisdom to your true self, and with every exhalation you are completely letting go of any tension, frustration, or fear inside,” he wrote.

Chopra is also a big proponent of meditation as a way to bring calm and focus to your life.

If you don’t have time to set aside for 10 minutes to 15 minutes of meditation, he suggests doing things like getting up from your desk and stretching at least once every hour and trying to take a break during the day to be alone.

Check out Don’t Fall For These 5 Myths About Money via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

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