A 10 % drop in the stock market in 30 days is considered a correction.
A stock market correction should be considered a buying opportunity if we hold the right companies.
We are not short term traders, we are long term investors, we should consider buying more shares of the companies we currently hold as they are currently at a discount.
This is why it’s very important to hold the best companies for the long term, short term corrections don’t affect these long term investments.
We never panic sell, we only sell when the company fundamentals deteriorate and no longer meet the BOI rules.