Buying/holding stocks during steep correction is the biggest challenge for investors. Consumers are attracted to just about anything when they see the ‘On Sale’ sign, except stocks.
From the desk of Ryan Detrick:
“Above are all the S&P 500 corrections since 1980. The returns a year or two later are truly spectacular. It isn’t easy in the moment, but for longer-term investors, when stocks go on sale is when you should go shopping.”