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This year has seen quite the turnaround in the stock market. With 2022 being characterized by high inflation, recession concerns, and considerable drops in the major indexes, investors were rightly nervous about what 2023 would bring. So far through 2023, it’s been much better than many people (myself included) expected.
All three major stock market indexes are up, and many people have declared the stock market has hit bull market territory. This optimism has led investors to return to the market after previously shifting to cash and other fixed-income investments with guaranteed interest.
Whether or not a new bull market is coming, here’s one expensive mistake you’ll want to avoid at all costs.
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