Do These 3 Things Now If Your Portfolio Is Down Big
Investors have had a rough go of it in 2022. All three major indices are in a bear market, which is a drawdown of at least 20% from the high. However, many well-known individual stocks are down far more.
Out of the 10 largest stocks by market cap in the Nasdaq Composite, seven are down over 30% from their all-time high, and two are down over 60%. Many growth stocks are down over 80% from their highs.
Investing is easy when most stocks seem only to go up. But when an investment portfolio is down big, it can be challenging to stay even-keeled and focus on the long term. You can't wave a magic wand and wish a stock to go up. But you can take actionable steps to position your portfolio to outlast a prolonged bear market. Here are three steps worth considering now.
Source Fool.com
