No matter how long you’ve been an investor, there’s simply nothing that could have prepared you for what 2020 has offered thus far. In a roughly four-month span, investors have dealt with about a decade’s worth of volatility due to the unprecedented coronavirus disease 2019 (COVID-19) pandemic.
Of course, periods of panic and heightened volatility have generally served long-term investors well. That’s because every stock market correction in history (save for the current correction) has eventually been erased by a bull market rally. Buying great stocks and hanging onto them for a long period of time is a strategy with a high success rate.