🌟🌟The Golden Dip or The Descent? Is this the start of a longer slide? History suggests the contrary. Research has shown that following geopolitical shocks, the S&P500 typically sees an average drawdown of under 5%, often recovering within 6 weeks.
The 6800 Fortress: Despite the intraday drop to a low of 6710, the index recovered to stay above 6800.
The Bull Case: Major institutions like Goldman Sachs & UBS have projected year end targets of 6,800 & above.
The Rule of The Best 10 days: If you sell now, you lock in a permanent loss on a temporary decline.
Missing out the 10 best days can halve your long term returns. Recovery often happens after the steepest drops.
My strategy is to DCA on my core portfolio of index ETFs like $SPDR Portfolio S&P 500 ETF(SPYM)$ which tracks the S&P500 Index with an ultra low expense ratio of 0.02%.
As Warren Buffett says: The stock market is a device for transferring money from the impatient to the patient.
@Tiger_comments @TigerStars
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