There has been a lot of worry about negative things happening in the stock market all year long. But, deciding what to do with your money based on a fear you hear in the news is a great way to never build wealth.
We are using the S&P 500, including dividends, to represent the stock market in this post.
If you listened to every possible thing that could bring down the stock market, you would keep all your money in cash. You would have missed out on the 20% gains that long-term investors have enjoyed so far this year. And, you’d likely miss out on future returns as well.
There are always people who think the stock market is about to crash. That’s not unique to 2023.
No one can predict the future. The stock market could be way up or way down in the coming months. It doesn’t matter. You are a long-term investor and you understand that having patience is how you build massive wealth.
P.S. If you’re interested in learning more about investing and everything related to money, we’re running a big sale on both of our courses through Cyber Monday! Our courses will be $20 off ($59 instead of $79) or the bundle of both courses for $59 off ($99 instead of $158). More info in our profile!
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Vivi & Shane
