By some measures we are in a market correction. This normally means a drop of 10-20% in stock prices. Just a few thoughts:
- You should always plan on corrections being possible. The market does not and cannot always go up.
- Depending on where you are in your investing journey, now might be a good time to buy.
- Think carefully before getting out of the market if you are a steady investor. Times like this come and go.
- We call this a correction. Remember in school when the teacher “corrected” your paper? It’s ironic, but we view market corrections as a bad thing – and it’s a loss in a way – but maybe it’s just the market correcting itself – i.e., becoming more correct.
Something to think about.
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