My Retirement Portfolio Dropped 25% During the Tech Stock Correction -- 3 Reasons That's Just Fine
With the S&P 500 index dropping over 10% in just the last three months, investors received a not-so-subtle reminder of the perfectly normal declines that occur in the market.
According to Compound Capital Partners, the S&P 500 index sees intra-year corrections of 10% almost every other year and 20% drops every four. On top of the broad market's decline, the technology-focused NASDAQ Composite index dropped over 15% year to date, and many investors have felt the pain -- myself included.
Thanks to this broad sell-off and owning a portfolio that skews toward tech-focused businesses and cryptocurrencies, I have watched 25% of my retirement savings evaporate in just months.
Source Fool.com
