What these broad market declines tell me is that my "new" investment strategy of the past few years suits my personality better than what I have done in the past (i.e. Bogleheads).
I've found that the best way for me to invest is to go back to the "widows and orphans" formula based on dividend and interest income. The ability to ignore share price fluctuations, because my returns do not count on any capital gains, is wonderful.
Buying individual stocks also makes it a lot easier to determine if a share price change is logical. Something I find almost impossible to do with financial instruments, i.e. mutual funds and etfs.
With an individual stock, four times a year you will get good data on a company and can see what's really going on. If the end of easy money starts to affect a company you own you will see it in the quarterly data.