“It’s never too late to retire early”
Take a deep breath and remember that stock market crashes are normal. If you think otherwise, you may need to brush up on your history. Since the year 2000, the S&P 500 has entered a bear market three different times. It’s pulled back at least 10% a handful of other times. Since we know these things happen every few years on average, it’s wise to be aware and prepared for pullbacks.
It can be a big mistake to wait for a market crash to buy stocks. Famous investor Peter Lynch once said: “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” To this quote, I’d add that it can be particularly detrimental to wait to buy high-quality growth stocks.
Waiting for a market crash is the wrong move in many cases. However, when it comes to resilient dividend payers like these three stocks, a market crash can be a great time to lock in an abnormally high dividend yield, turbo-charging your investment from the start.
How does an extra 30k in your pocket ANNUALLY sound?
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Top headlines you shouldn’t miss
These seven high yield dividend stocks have yields above 5%
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It’s never too late to start saving,
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