Avoid the Buy-High, Sell-Low Trap

When an investment legend who has seen 50% single-day declines twice in his career says he's never seen volatility like he's currently seeing, it means the market is in the midst of a once-in-a-lifetime wild ride. Despite the yo-yoing stock market, Jack Bogle, the founder of Vanguard, whose career spans 66 years, doesn't think that long-term investors have anything to worry about.

Most seasoned investors agree. But many less-experienced investors aren't

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