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In the middle of a stock market selloff, what should investors do?

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Financial experts warned that investors should try to avoid selling stocks during stock market downturns after the U.S. stock market selloff accelerated on Monday.

Stocks plunged on Monday amid fears about the U.S. economy potentially slipping into a recession, with major indices suffering their worst days in nearly two years and leaving some investors concerned about their portfolios and how they should respond to a market downturn. The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P closed out their worst day since September 2022.

Assaf noted that financial advisors may be able to help an investor take advantage of a down market, such as by taking losses on some of their investments to reduce future tax bills – or use lower share prices to convert to a Roth IRA at a lower tax cost.

 

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