5 Ways Everyday Investors Can Profit from Market Meltdowns
When stocks plunge, media coverage inevitably focuses on how billionaire investors like Warren Buffett are going bargain hunting. But don't be fooled - market mayhem can create lucrative opportunities for everyday investors as well.
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From tax savings to loading up on discounted shares, here are 5 ways Main Street can seek to profit from market meltdowns:
Tax-Loss Harvesting
Sell losing positions to book capital losses that offset gains elsewhere. Online tools make it easy to identify tax-loss harvesting opportunities and stay on asset allocation.
Roth Conversions
Down markets are ideal for converting traditional IRAs to Roths. With account values depressed, you'll owe less upfront tax on the converted amount.
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Buy the Dip
Quality stocks on sale? Don't just watch from the sidelines. Put new investment funds to work while valuations are attractive.
Maintain Perspective
The biggest mistake is selling out of fear near market bottoms. Have a plan, tune out the noise, and think long-term.
Keep Investing
Whether through 401(k)s or individual accounts, consistent investing allows you to accumulate shares at lower prices during inevitable downturns.
While the ultra-wealthy get the spotlight, everyday investors can take advantage of strategies like tax-loss harvesting, Roth conversions, and buying on the dip during market storms. Keeping perspective and sticking to a disciplined approach can put Main Street on more equal footing when weathering the volatility.
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