How to Get Rich in the New Bull Market
For the past four months, the stock market has tested the resolve of investors like never before. Panic and uncertainty tied to the coronavirus disease 2019 (COVID-19) pandemic sent stocks cratering in mid-February and throughout most of March. In total, the benchmark S&P 500 (SNPINDEX: ^GSPC) lost 34% in just over a month, marking its quickest descent into bear market territory (as well as a 30%+ decline) in history.
And yet, the market has rebounded almost as ferociously as it fell. Over the past 11 weeks, the S&P 500 has retraced about 80% of what was lost from its February 19 closing high. COVID-19 may have put an end to the 11-year bull market, but a brand-new bull market looks to have already taken its place.
If you're looking to take firm hold of your financial future, here are few things you need to know about how to get rich in a new bull market.
Source Fool.com
