Market correction. Do you know what to do when the market corrects?
A market correction has been on everyone’s mind lately. I was interviewed by US News & World Report on how to handle a market correction. Because of global events in Greece and China that could affect the markets, US News & World Report sought my and others’ perspective on what to do before a correction gets underway.
Market Corrections Present Opportunities
We’ve known from the earliest writings by Richard Wyckoff that one of the biggest mistakes long-term investors make is getting out of the stock market at the wrong time. They have a tendency to panic during market corrections and sell when stock prices are down, locking in losses. We see this in a selling climax. I address this, emotions and having an investment process that allows you to buy great companies at cheap prices when others are selling in panic.
You can read the article here: 6 Strategies To Steer You Through A Market Correction