Is It Smart to Invest in the Stock Market Right Now? Take Advice From Warren Buffett and Peter Lynch
The stock market has been rocked by high inflation and rising interest rates this year. The broad-based S&P 500 and the tech-heavy Nasdaq Composite have fallen for three consecutive quarters, marking their longest losing streak since the tail end of the Great Recession in 2009. Both indexes have dropped into a bear market with the S&P 500 currently 22% off its high and the Nasdaq Composite down 31%.
Losses of that magnitude can leave investors feeling uncertain or even fearful. Those emotions often lead to poor judgment, and that can result in lasting damage to your portfolio. Fortunately, Warren Buffett and Peter Lynch have imparted some relevant wisdom over the years, and investors would do well to consider their advice.
Warren Buffett is often called the "Oracle of Omaha," a reference to his uncanny stock-picking abilities and his residence in Nebraska. Buffett built that reputation over several decades, using Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) to fund his investing activities. Berkshire stock is up more than 3,600,000% since he took the helm in 1964, and the company has grown into a $600 billion behemoth. Not surprisingly, Buffett has become a sort of North Star for many investors.
Source Fool.com
