We’re 11 days into September, and if you’re like many folks, you’re probably just a little on edge—expecting the bottom to fall out of stocks any minute.
The truth is, there’s very good reason to be nervous.
After all, according to Bespoke Investment Group, September is the worst month for stocks, with the S&P 500 averaging a 1.05% drop since 1928.
That may not sound like much, but remember that it’s just the average. Some Septembers have been far worse. For example, let me take you back to September 2011, when the market tanked 6.4% in just 21 trading days.
That’s enough to bleed $6,400 off every $100k invested in very short order.… Read more