S&P 500 index falls 7.5%, approaching correction territory due to global recession fears.
The S&P 500 index dropped 7.5% due to global recession fears, approaching correction territory. Despite the decline, Warren Buffett advises long-term investors not to focus on short-term fluctuations. He recommends a dollar-cost averaging strategy, investing a fixed amount in low-cost S&P 500 index funds regularly, to ensure buying more shares when the market goes on sale.
August 05, 2024
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