Few things are as universally stressful as stock market volatility. And during these periods of volatility, many folks start to have doubts about their long-term investment strategy. Some investors make the mistake of pulling their money out of the market when they get nervous… which only serves to lock in any loss they’ve incurred.
While past performance is no guarantee of future results, historically, the stock market eventually bounces back and rewards those who ride out the storm. To quote investment guru Warren Buffett, “The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.”
If you’re feeling itchy about market volatility, read this helpful document from Capital Group, “Keys to prevailing through stock market declines” It includes some useful historical data and multiple tips that can help you feel more confident about your decisions.
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REMINDER: 5 Tips to Avoid Pitfalls During Market Declines
November 02, 2022