23 Reasons Why You Should Buy When Everyone Else Is Selling

If you panicked like everybody else in 2008, selling all your stock as the Dow Jones Industrial Average crashed below 9,000, you made a terrible mistake. Not only did you lock in miserable returns by buying high and selling low, but you also missed out on the greatest comeback rally in recent history.

Twenty-three of today's 30 Dow stocks have more than doubled since December of 2008. Some of the stocks hit hardest in the crash have come back even stronger than before. American Express has surged 400% higher in five years, while Home Depot more than tripled in six years, which includes the downside of the crash. Visa shareholders cursed their luck in 2008 as the stock plunged only months after its long-awaited IPO -- but they can celebrate a massive bounce today.

In the video below, Fool analyst Anders Bylund gives you more detail on these fantastic comeback stories. Then he tells you what they all have in common and how you can use that insight to beat the market.

TL:DNR. What's the investing secret that ties these Dow stocks together?
It's no secret that investors tend to be impatient with the market, but the best investment strategy is to buy shares in solid businesses and keep them for the long term. In the special free report, "3 Stocks That Will Help You Retire Rich," The Motley Fool shares investment ideas and strategies that could help you build wealth for years to come. Click here to grab your free copy today.

The article 23 Reasons Why You Should Buy When Everyone Else Is Selling originally appeared on Fool.com.

Fool contributor Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends American Express, Home Depot, and Visa. The Motley Fool owns shares of Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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