Stock market experienced ups and downs this week, a normal cycle, advising long-term investments.

From Yahoo Finance: 2024-08-09 23:07:19

This week the stock market experienced both a scary and a great day, with temporary declines being a normal part of the market cycle. The downturn on Monday was attributed to fears of a recession, impacting retirement accounts. However, by Thursday, the S&P 500 had its best day since 2022, easing worries. Financial planners advise that market swings are expected, and long-term investments generally recover. History shows that the stock market has made money over every 15-year period, outpacing inflation. It is crucial to stay calm during downturns and view them as a buying opportunity rather than panic-selling. Overall, a long-term bet on the US economy is considered safe.



Read more at Yahoo Finance: The stock-market whiplash this week shows why you shouldn’t worry too much about your 401(k)