This Could Be the Biggest Mistake Investors Make This Year
The bear market seems like it's never ending, but investors shouldn't be discouraged. Investments typically rise in value over the long term, but it's not going to be a linear path; stocks don't just go up all the time. Bear markets are inevitable, as are recessions, but so too are the recoveries that follow.
Buying and holding is what has made investors like Warren Buffett hugely successful over the years. Investors should stay the course and continue holding on to their stocks, assuming they are still good investments, for as long as they can. Trying to time the market could be a huge mistake.
It's easy to be down on stocks right now, given the losses that some of them have incurred over the past year and a half. Teladoc Health (NYSE: TDOC), for instance, is a stock that has crashed more than 70% since the start of 2022. It's almost hard to believe that the stock, which today trades at around $26, was at a price of more than $300 in early 2021. It may never get back to those levels, but to assume that its tailspin will also continue may be misguided.
Source Fool.com
