Why Bear Markets Can Help You Create Life-Changing Wealth

Bear markets are periods of time when the stock market is down 20% or more from its all-time high. The Nasdaq Composite was briefly in a bear market earlier this year, while the S&P 500 entered a correction, which is a drawdown of 10% or more from the high. But the Nasdaq Composite and the S&P 500 were both in a bear market in spring 2020, fall 2018, and, of course, during the 2008 financial crisis.

Bear markets can be stressful and nerve-racking. But over time, there's a very good chance that you could benefit from a bear market. Here's why.

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Source Fool.com