More Than Half of Investors Have Experienced $50,000 Losses. Here's How to Bounce Back
Investing is the best way to build wealth, but there are inevitably going to be some bumps in the road on the path to prosperity. In fact, it's common and normal for investors to experience losses sometimes, and often those can be big ones.
As new data from Ameriprise Financial show, more than half of all investors with at least $100,000 invested have experienced a setback that cost them $50,000 or more, with one in three incurring losses over $100,000.
While these numbers are very high, the good news is these big setbacks didn't do permanent damage for most investors. In fact, 21% of people who experienced them came back and are better off financially; 27% made a complete comeback; and 41% made a partial comeback. Just 8% indicated they didn't recover, while 3% weren't sure.
Source Fool.com
