If the Market Crashes, I'll Be Glad I Own Visa
It's hard to believe, but nearly a year after the economic lockdown used to slow the spread of COVID-19, the S&P 500 is sitting atop a 19% trailing one-year advance. Yet the novel coronavirus continues to spread, and the global economic recovery is still fragile. In fact, many investors fear the market is due for a crash.
It's important to remember the stock market averages one correction (a drop of at least 10%) every year, and I don't think 2021 will be any different. If and when such a so-called crash occurs, though, I'm happy Visa (NYSE: V) is a core holding in my portfolio.
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Source Fool.com