S&P 500 drops, providing buying opportunities for investors

The S&P 500 index has dropped over 8% recently, nearing a technical correction. This decline follows a strong market performance earlier in 2023. Market corrections are normal and can present buying opportunities for long-term investors. Investors are advised to consider high-quality S&P 500 index funds, such as the Vanguard S&P 500 ETF, which has a low expense ratio of 0.03%. This allows investors to keep more of their returns. A recommended strategy is dollar-cost averaging, which involves investing gradually rather than all at once. This approach helps manage risk during market fluctuations and encourages a long-term investment mindset.