"It's important to remember that investing in the stock market is a long game. There's going to be volatility, so be wary of having a knee-jerk reaction and pulling your money out at the first sign of a drop," said Courtney Alev, consumer advocate for CreditKarma. "Selling stocks frequently or incrementally can come with fees for each transaction and those can add up fast."
"For everyday investors, volatility is the price you pay to be invested in the stock market," Silver said. "But it's very unsettling when we see big market drops of two to three percent... It's a little unnerving for people who have their money in 401(k)'s or IRA's or retirement funds to watch this magnitude of volatility."
Silver urged investors to remember that "a market falls into a correction, ten percent or more, once a year on average," and that "usually the market reverts to the mean, and the mean is an average annual return of eight to ten percent a year going all the way back to the 1950s."
Collection
[
|
...
]