The recent stock market declines have taken the S&P 500 into correction territory for the first time in two years. It is important to understand the history of stock market declines and bear markets to learn that after every correction U.S. stock market investors who "stayed the course" have portfolios larger than before.
The stock market is officially in a correction... Here's what usually happens next
"Stay the course" is not the same as "Buy and hold." Corrections and bear markets can often be an opportunity to rebalance, sell an unwanted fund, tax-loss harvest or move to another company.Stay the course. No matter what happens, stick to your program. I've said "Stay the course" a thousand times, and I meant it every time. Is is the most important single piece of investment wisdom I can give to you. -- John Bogle