Don't Wait for a Market Crash to Buy This Value Stock
With the S&P 500 recently doubling from its pandemic lows last year, many investors are wondering if we're due for another pullback, whether it's a correction (defined as a 10% retreat) or even a crash (defined as a 20% drop). If you have a long-term perspective, a sudden drop doesn't have to be a cause for concern. As we've seen throughout history, the market always recovers to set a new high. And if you have the resources to buy when stocks are down, corrections provide investors with opportunities to find great stocks at good values.
And don't forget that you don't have to wait for a correction to find good values. They're out there today, many of them in the financial sector. One of them is Ally Financial (NYSE: ALLY).
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Source Fool.com
