Is Now a Good Time to Buy Stocks? Consider Warren Buffett's Investing Advice
Last year was a nightmare for many investors. The stock market collapsed under economic pressure as inflation reached a 40-year high, and the Federal Reserve raised interest rates at the fastest pace since the early 1980s. In fact, all three major U.S. stock market indexes had their worst year since the financial crisis in 2008. The Dow Jones Industrial Average dropped 9%, the S&P 500 slipped 19%, and the Nasdaq Composite plunged 33%.
Yet the hardest part is the lingering sense of uncertainty. Inflation is still running near a 40-year high, and central bank officials expect it to remain elevated through 2025. Meanwhile, the Federal Reserve has raised its benchmark interest rate to a 15-year high, and officials expect rates to continue climbing in 2023. That means the headwinds that triggered the stock market meltdown have not disappeared.
Is now a good time to buy stocks? Consider this advice from Warren Buffett.
Source Fool.com
