By Craig Erwin, Ph.D.
The NASDAQ fell 3.34% yesterday. That’s a big drop. You can expect stocks to provide a return of 8-10% a year, so the NASDAQ’s one day drop is an eye opener. But don’t run and hide; it’s a buying opportunity, a big sale. I hate to pay full price, so big drops like this excite me.
When the stock market falls sharply, how do you react? Do you panic? Are you investing regularly regardless of what the market does? Are you enrolled in an employer-sponsored retirement savings plan?
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