Why Warren Buffett Thinks It's a Mistake to Dump Your Stocks in a Bear Market
The S&P 500 is down 24% this year, and the stock market hasn't been a great place to be holding your money of late. Investors have been dumping stocks left and right, with many quality companies seeing their valuations plummet as interest rate increases and rising inflation have made people second-guess their investments.
But before you follow suit and decide to dump all of your stocks and hold cash or pivot to bonds, you should consider Warren Buffett's advice, and why getting out of the stock market right now could be a costly mistake.
Warren Buffett isn't a fan of economic projections, or what he refers to as "dancing" in and out of stocks based solely on economic outlooks. And in a Berkshire Hathaway shareholder meeting in 2015, he said that "we think any company that has an economist has one employee too many."
Source Fool.com
