A stock market sell-off in 2022 and residual economic challenges this year have highlighted the importance of investing with a long-term perspective. Doing so can help safeguard your investments from what often turn out to be temporary economic declines.
Numerous stocks got dragged down over the course of last year, in large part because inflation reached levels not seen in 40-plus years and interest rates were increased to get that outsized inflation under control. Investors who bought reliable growth stocks with plans to not sell for several years saw their stocks dip in price but were less worried because they had no intention of selling those stocks.
Then, those investors were rewarded in 2023 as the market bounced back. Countless stocks soared alongside renewed interest in booming markets like artificial intelligence (AI).
Source Fool.com