Stock Market Correction
But even these types of companies can be impacted if there is a stock market correction. So lets assume there will be a correction sometime in the next few months. Conventional wisdom says sell high and buy low , but do not try to time the market!
But what if you are invested for the long term and focused on dividend income. Should you sell or stick it out and enjoy the dividend payments? Thus investor thinks that this would be the best strategy, since the income is maintained and as long as the companies you are invested in are high quality, the stocks will rebound! This is exactly what occurred in 2008. first the market dropped like a stone and then rebounded to even higher levels than it was pre 2008.
What do you think will happen? Should you stick with your investments as they are now?