Market Data

Andrew Olsen
|
November 23, 2024

Market corrections, while often unsettling, are a normal and healthy part of financial markets. Without the lows, there are no highs. One way to stay calm amidst the storm is to know the facts:

A correction is defined as a decline of 10% or more. This has historically happened, on average, once every other year. Though short-term volatility can be challenging, it's essential to remember that markets generally recover over time and continue to grow. Long-term planning, rather than reacting impulsively to market fluctuations, is the key to building and preserving wealth. By maintaining a diversified portfolio and focusing on long-term goals, investors can confidently navigate corrections, knowing that patience, discipline, and a strategic approach often lead to strong financial outcomes.

Source: Charles Schwab

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Andrew Olsen

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