Not every big sell-off is an opportunity to double down on stocks

INVESTORS have been rewarded each time they have bought the dip in the last five years, especially in the US market.

Over that period, the S&P 500 index has risen 83 per cent, as at Feb 6. There is no disputing the fact that the market has done exceedingly well in the last few years.

But as Warren Buffett says, investors ought to “be fearful when others are greedy, and to be greedy only when others are fearful”.