Emotions

Within this past month the Dow Jones Industrial Average has taken a wild ride goin up and down, however for the most part this ride has been in the negative territory. This has also been true for the S&P500, and the NASDAQ. This is scary for a lot of investors. There are a lot of investors that are letting their emotions get the best of them and they sell most if not all of what they have invested. There is a saying that Baron Nathan Rothschild was first credited with saying, "the time to buy is when there's blood in the streets." This saying is telling us that we should take our emotions out of the picture and if the masses are selling that is the time to capitalize. 
Invest for the long term and not just the short term. For as far as I know no one has a crystal ball that we can see as to when is the best time to but and sell is. Therefore being that we are investing for the long term we not use dollar cost averaging. We diversify within in the different sectors and classes why not also diversify in time. The hardest part of this is continuing to invest in the scary times. However in the scary times those are the best times to invest because those are times that will produce that most capital gains in the long run. 
Take the love out of money. "Keep your lives free from the love of money and be content with what you have, because God has said, "Never will I leave you; never will I forsake you."" (Hebrews 13:5 NIV). Within this passage we see that we should not love money but rather we should put our hope and Love in God and that we should be content. 

Tips:
1) Take emotions out of investing. 

2) Invest for the long term. 

3) Utilize Dollar Cost Averaging.