But what I believe is that the markets will always go up long term especially index ETFs like $SPDR S&P 500 ETF Trust(SPY)$ and $Vanguard S&P 500 ETF(VOO)$ . It is essentially a bet on human progress, compounding corporate earnings and global productivity.
That is why I have commited to a Dollar Cost Averaging strategy or DCA so that I do not have to stay up all night wondering if Michael Burry is betting the market will crash or if the Iran war continues.
The S&P 500 has survived world wars, pandemics, the dot com crash and the 2008 financial crisis.
By focusing on the horizon rather than daily market turbulence I am letting the magic of compounding do its work.
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- twixzyΒ·05-14TOPDCA keeps me sane lol. Broad index over nightly doomscrolling any day, you sticking with fixed dates or buying bigger on ugly red weeks?2Report
- zumaΒ·05-15thx2Report