Tom Gardner's investment principles and response strategies amid market decline
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View chart & analysis → - 1The S&P 500 fell 4.36% and the Nasdaq fell 5.52% at the market close.
- 2Tom Gardner noted that a 10% decline in the S&P 500 occurs historically about once a year and explained that a correction of 10% to 15% is common.
- 3He reaffirmed his core principle of holding more than 50 companies for an average of over 5 years.
So what's the key point?
The stock market has dropped significantly. Tom Gardner advises following the principle of buying various companies and holding them for a long time.
Source The Motley Fool +1 · View original ↗
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