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Picture this: You walk into a big grocery store and everything is deeply discounted, said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners in Irvine, California.
“What would you buy that you know that your household would need for the future?” she said. “That could be like paper towels, it could be toilet paper, it could be things that you know that you’re going to need long term.”
It’s smart to adopt a similar mindset when the stock market pulls back as it did Monday, said Sun, who is also a member of the CNBC Financial Advisor Council. Think of positions that you would like to add to your portfolio.
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