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If you google the chart of the S&P 500. It's tripled in the last 15 years. And more than than from the bottom of 2008. Also, it is only 16% down from it's ATH's
by deepzn 4y ago
If you google the chart of the S&P 500. It's tripled in the last 15 years. And more than than from the bottom of 2008. Also, it is only 16% down from it's ATH's in 2021. Things don't just go up forever. There are and always have been cycles.
What goes up, must come down.
- deepzn 4y agoBut, also still surprises me the amazing wonder that is Compound Interest. https://www.nerdwallet.com/banking/calculator/compound-interest-calculator https://www.nerdwallet.com/banking/calculator/compound-inter... Best time to buy is if you have a long-term horizon is when there is widespread fear. This cycle might bust, and there might just be that, or a period of high inflation. It's not yet imo. Also, hard to time the market, and also to stock pick, even for very professional investors, it's hard, extremely hard to beat the market. Just buy the S&P 500 ETF and let it work in the background. Also, those new to investing, Morgan Housel's The Psychology of Money is a great read!