This is the bottom line about the market. Period. Look at this chart. Look at the 5 year, 10 year, 20 year, 50 year, this is how it goes:
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart#:~:text=Combination%20chart%20with%202%20data,End%20of%20interactive%20chart
The stock market will always survive. It's meant to survive. Anyone you name who's rich, who's powerful, who's anyone, they have stocks. They have funds. The market will always go back up regardless of the daily shit that happens. Always. In the dow, in nasdaq, if a stock sucks, they remove it from the index and replace it with something better. If the economy goes to shit, they lower interest rates. They do what they can for the market. They need this to thrive. This is how it goes. Defintely DCA, start as early as you can. Max out your 401k. To me, this is the bottom line. Patience is the key.
Anyone with questions about the stock market, please just keep this in mind
byu/Legitimate_Treat_762 instocks
Posted by Legitimate_Treat_762
1 Comment
Thanks captain obvious, the problem is not that the market is constantly going up. The problem is most of us dont have the resources to survive a huge gully like the one in 08. The market recovered relatively quickly but a huge amount of people lost their jobs which for most of us is the only source of income. If the downturn in the job market lasts more then 6-months to a year people are forced to liquidate at a bad time. And no one knows when something like that will happen again.