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If you needed the money immediately, that's an understandable reaction to the Depression. If you did dollar-cost averaging through the Depression, and didn't h
by JoshTriplett 2y ago
If you needed the money immediately, that's an understandable reaction to the Depression.
If you did dollar-cost averaging through the Depression, and didn't have any immediate need to withdraw, you'd have come out of it doing pretty well.
- bittercynic 2y agoMany people aren't able to dollar-cost average through the times it would be most beneficial. There's a strong correlation between stocks getting cheaper and being temporarily unable to earn enough money to continue your usual investing.
- bregma 2y agoHow to become a millionaire: 1. Start with $10,000,000 2. Invest right before an economic downturn.