By: Steve Smith
Mike Tyson’s infamous quote that, “everyone has a plan until they get punched in the mouth” is often, and appropriately applied to stock market investors, who claim they’d love to see a market decline that would allow them to buy stocks on the dip.
But often times when that sell-off comes, it’s deeper and steeper than expected. In turn, planned purchases turn to paralysis, or worse, there’s a panic into selling existing holdings.
Unfortunately, rather than taking advantage of…
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