What is going on with the stock market?

Let’s talk about the elephant – or should I say, the bear – in the room: on last Monday, U.S. stocks sank into a bear market.

What exactly is a bear market?
A bear market is when equity markets are down 20% from their recent all-time high.

In the U.S., the S&P 500 dropped almost 4% on last Monday, setting the index more than 20% below where it was in January, which is our recent all-time high.

And it isn’t just the stock market that’s dropping; cryptocurrency is also taking a significant hit.

What’s the best investing strategy right now?
Same as always – buy and hold.

You may hear some investors say that you should hold off on “buying the dip.” What they mean by that is that it seems like the stock market will likely drop lower, so you should wait until then to invest.

Others are panicking about the decline in value and trying to sell.

But honestly…the best investing strategy is to buy as soon as you can and hold as long as you can – regardless of what the market is doing.

The WORST thing you can do right now is sell. Historically, the stock market has ALWAYS recovered and keeps rising. Hang tight and don’t panic

Here’s what I recommend…
Take advantage of the low prices and start investing in ETFs, which are an automatically diversified investment option.
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