/Individual Investors Calmly Buy Stocks During Sell-Off
Fidelity and Vanguard clients have been buying stocks amid the slide.
Individual investors are leaning into Warren Buffett's famous axiom, "Be fearful when others are greedy, and be greedy when others are fearful," despite the steep correction across U.S. markets since late February. According to trading data from Fidelity Investments and Vanguard, two of the biggest brokers serving retail investors, their clients are showing no signs of panic and adding stocks to their portfolios in the midst of a steep market sell-off that has brought the S&P 500 down close to 20% from its highs of February 19th. This, despite ongoing concerns about the depth and severity of the economic impact of the coronavirus, which has now officially been labeled a global pandemic by the World Health Organization1/
They may do well long term, history has demonstrated market go up 9%-12 annually since 1920s. Maybe many folks have moderate amount of cash could slowly jump in now