If You Left the Stock Market in March, Is It Time to Jump Back In?
Following the Great Recession 11 years ago, I wrote an article called “Proaction after Reaction,” which guided investors on how to get back into the market, if they pushed the panic button and sold their stocks during the 2008/2009 downturn. I’m seeing this same situation play out again.
According to a recent Fidelity Investments study, of the investors age 65 and up who made changes to their portfolios during the downturn in February and March, one-third sold some of their stock holdings. For all age groups, nearly one in five — 18% of investors — who made changes to their portfolio during this time frame sold some stocks.
Much like today, some people 11 years ago thought the sky was falling. Back then the stock market was in turmoil, banks were failing, unemployment rose sharply and experts predicted an economic recovery would be years in the making.
On March 9, 2009,
