Steady dividend stocks can be great for new investors who are just a tad worried about what happens when the market rally runs out of steam. Undoubtedly, market corrections happen, and they can happen at the drop of a hat and with zero warning. That’s what makes them so scary. And though a 10% pullback from peak to trough may not seem like anything to get worried about, they can feel quite horrid when going through them because there’s no telling how low the markets can go as shares sink day after day.
Indeed, the Nasdaq-led bear market of 2022 made it seem like stocks could only go down, and the extended bearish descent made stocks seem less timely than they actually were. Eventually, in the depths of autumn 2022, stocks began rising again. And they haven’t really looked back since. That’s the value of playing the long game. So, as the brilliant Warren Buffett once put it, “Be greedy when others are fearful.”
