Market Volatility Haters Need to Change Their Mindset

From one perspective, investing isn’t looking too promising for 2023. According to one survey, millionaire investors say they expect to see more steep stock declines in 2023. The S&P 500, a benchmark for U.S. stocks, is down 19% so far this year.

From another perspective, though, things look great. What’s that old saying? Oh, right. Buy low, sell high. As we go into the new year, low prices could mean a dream year for anyone with cash to put to work and time for it to stay in the markets.

If you’re in your 20s and 30s, you should be delirious with joy. Every dollar-cost averaged purchase you make through your IRA or 401(k) has the potential for decades of gains. What if you’re older? You might find some relief in bonds, which have higher yields.

For more, read our reporter Sarah Hansen’s story here.

Happy New Year and here’s hoping for good things in 2023!

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