For those of you panic selling (or thinking about selling) on a day like today, please carefully READ and ABSORB the below (quote & informative chart):
78% of the stock market’s best days occur during a bear market or during the first two months of a bull market. If you missed the market’s 10 best days over the past 30 years, your returns would have been cut in half. And missing the best 30 days would have reduced your returns by an astonishing 83%.
Print this out and put it beside your computer or take a screenshot and save it on your cell phone as a regular reminder. Of note though – this advise primarily applies to investing in broad market indicies (i.e. S&P/Nasdaq, not an individual stock or crypto)
FYI: Some other interesting reading for a day like today (to learn)
When Stocks Are Hitting All-Time Highs, Is It Too Late to Jump In?
The Risk of Playing It Too Safe With Your Investments
10 Things You Should Know About Recessions. “Although down markets sometimes coincide with recessions, stocks actually produced positive returns during seven of the 13 recessions since 1945. In fact, the S&P 500 Index gained 3.68% on average during recessions”
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