After a great 2013 with the S&P 500’s total return percentage in the high 20’s, it’s a good time to revisit your risk tolerance. The sleep-at-night factor is key to long-term investing success. Even if you have a good process and strategy, you need to be able to resist the urge to sell during a downturn. The following chart from Josh Brown is helpful in simulating the emotions felt during a selloff. Ask yourself, can you take the pain? If not, you better lighten up while the sun is shining.

(h/t Josh Brown)