When you sell during a panic you may miss the market’s best days
Panic selling not only locks in losses but also puts investors at risk for missing the market’s best days.
Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500’s 10 best days in each decade, total returns would be just 91%, significantly below the 14,962% return for investors who held steady through the downturns.
The firm noted this eye-popping…