When you sell during a panic you may miss the market's best days [MSNBC.com]
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Source: MSNBC.com
Panic selling not only locks in losses but also puts investors at risk for missing the market's best days. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500's The firm noted this eye-popping stat while urging investors to "avoid panic selling," pointing out that the "best days generally follow the worst days for stocks." Looking at the Dow Jones Industrial Average Experts advise investors to avoid the impulse to time the market, which can be difficult even for professional traders. Still, retail investors like to try. The popular trading app Robinhood recently experienced "an unprecedented load" at least one lawsuit The stock market, meanwhile, remains in correction territory with the major averages all down more than 12% from their highs. The Bank of America strategists, led by Savita Subramanian, noted that corrections are common. The firm said that a correction has occurred once a year on average since 1928, and that losses are typical
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