Americans are hesitant to put money into a choppy stock market. But younger investors would be wise to buy stocks when they go on sale, experts say.
"When the market is doing well, people are throwing their money at it. When it's doing poorly, they're keeping their money out," he says."It's doing the exact opposite of what you're supposed to be doing."
"The younger you are, the more you need to be in the market," says LaVigne. That's because the further you are from your investing goal, the more time your portfolio has to recover from dips in the market. And given the market's long-term historical upward trajectory, starting earlier and staying invested means taking the fullest advantage ofSay a 22-year-old who plans to retire at 67 initially invests $1,000 into the stock market, followed by $100 each month.
Over the 20-year period ending December 31, 2021, the S&P 500 returned an annualized 9.52%. Remove the 10 best days from that period, and the return drops to 5.33%, according to. Over that period, seven of the market's best days occurred two weeks after one of the 10 worst days.
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