TDOC - 3 Great Stocks That Could Make You a Millionaire
It doesn't matter how long you've been an investor -- nothing could have prepared you for the volatility we've witnessed in 2020.
The coronavirus disease 2019 (COVID-19) pandemic has crippled the U.S. economy, ultimately sending the unemployment rate to levels not consistently seen since the 1930s and paving the way for the fastest and steepest bear-market correction in history. It took just 33 calendar days for the benchmark S&P 500 to lose 34% of its value.
But the thing about fear, panic, and bear markets is that they're an excellent time to put your money to work. Even though equities have come full circle since the March 2020 bottom, history suggests that bull markets tend to last for substantially longer periods of time than bear markets. This means that a patient investor who allows their thesis to play out over years or decades could be handsomely rewarded.