Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
Even with markets near all-time highs, stocks are a good way to create long-term wealth. But thinking through a strategy is more important when it's difficult to buy at bargain prices.
Part of a strategy that makes it emotionally easier to stay invested through a market correction is to focus on some downside protection. That can come in the form of income, a solid balance sheet, or a large moat for the business. If you have $3,000 to invest right now,