Here's what you should do after one of the wildest days for the stock market.

On Monday, one of the most chaotic trading days in recent years occurred, with the stock market experiencing a significant drop of approximately 1,100 points before recovering and finishing the day with a slight increase. On Tuesday, stocks once again decreased.

“Should I be worried?”

That’s a question on the mind of many investors this week.

Although the volatility may deter some investors, experts advise that this dip presents an opportunity to either enter or maintain one's position.

I conversed with Kevin Simpson, the founder and chief investment officer of Capital Wealth Planning, as well as the author of the recently released book, "Walk Toward Wealth," to obtain some insights.

CNBC:  Why are stocks dropping?

Market corrections are a typical occurrence, but they are never pleasant to experience during the process.

Due to mixed company earnings and concerns about increasing interest rates, stocks are retreating.

The winds have shifted, and the Fed is raising rates while no longer injecting money into the economy. As a result, much of the money that was previously invested in the stock market is now being redirected elsewhere.

Should investors be concerned about the S&P 500's dip into correction territory on Monday?

Since the end of World War II, 5-10% corrections have occurred almost annually. The recent market movement of 10% is not a cause for concern, as we have become accustomed to such fluctuations due to the abundance of easy money provided by the Fed in recent years.

Fortunately, the market usually bounces back fast from these modest declines.

Source:  Guggenheim

CNBC:  Could we see it drop even more?

The Fed's commentary on Wednesday will be crucial in the short term. While the market is currently paying close attention to the Fed, investors believe that the central bank will raise rates aggressively. If the Fed simply indicates that it will raise rates gradually, with only 3-4 small hikes expected this year, the market is likely to breathe a sigh of relief.

CNBC: What should investors be doing now?

Investors should be aware that long-term investors cannot predict the market's bottom. A 10% decline can be a good opportunity to enter the market. However, it is crucial not to use these declines as reasons to exit the market. As an active manager, I recommend that retail investors continue to own index funds as core holdings, such as the (VOO), and utilize dollar-cost-averaging.

I know many successful investors, but I don't know many successful traders. The retail investor often underperforms the professional investor due to emotional decision-making. The key is to stay the course and focus on long-term investment strategies.

What are the anticipated returns for investors in the upcoming years?

Since the Federal Reserve started lowering interest rates and injecting money into the economy, the S&P 500 has experienced significant growth over the past 12 years. However, as interest rates are now rising and the economy is being weaned off the stimulus, it is likely that returns will be below average in the near future.

Here's a road map for the rest of the year, based on two income-oriented strategies to protect and grow wealth in the market. If you had invested $1,000 in bitcoin at the start of 2022, here's how much you would have now.

With single-digit returns, investors should prioritize dividends as a means of achieving significant impact with a 2% or 3% yield.

If earnings growth is present, stocks can still rise despite Fed tightening, as long as the aggression is not too extreme.

If you are over 60 years old and worried about a steeper market decline than 10%, should you take any action?

If you are a more conservative investor over 60, it's crucial to be aware of your risk tolerance. However, 60 is relatively young for this generation, and people who are 60 today will likely live into their 90s and beyond. As a result, you need to have a longer investment horizon after retirement. Therefore, if you are 60 years old, your time horizons are not as short as you may think.

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My goal was to quit my full-time job and work for myself with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.