Nasdaq Sell-Off: 2 Stocks Down 53% and 31% to Buy on the Dip and Hold Forever
The Nasdaq Composite has dropped roughly 13% in less than a month (as of this writing). As distressing as it feels, long-term investors must remember that 10% "corrections" in the market are surprisingly common -- typically occurring once every two years.These corrections are the price we pay to take part in an investing process that could lead to our financial independence. As author Morgan Housel beautifully summed up: "Volatility is [the] price of admission. The prize inside [is] superior longterm returns. You have to pay the price to get the returns. Many aren't."Continue reading
The Nasdaq Composite has dropped roughly 13% in less than a month (as of this writing). As distressing as it feels, long-term investors must remember that 10% "corrections" in the market are surprisingly common -- typically occurring once every two years.
These corrections are the price we pay to take part in an investing process that could lead to our financial independence. As author Morgan Housel beautifully summed up: "Volatility is [the] price of admission. The prize inside [is] superior longterm returns. You have to pay the price to get the returns. Many aren't."
