Recession, a bear market, inflation — it can be hard to focus on the future when you hear these terms. But, for millennial investors, market corrections mean opportunity.
Vermillion Private Wealth recommends:
- Continuing to buy: You probably don’t hesitate to shop a consumer sale, but many investors get spooked when stocks decline. For long-term investors, lower prices are a gift.
- Increasing retirement contributions
- Tax-loss harvesting: Selling investments at a loss can help offset gains + lower your tax burden.*