Today, the market is down 15% from its all time high. It can feel terrible living through this, but compared to the other crashes over the past 50 years, we should not panic over a 15% drop nor should we be alarmed if it continues to get worse. How long will this crash last? I have no idea. But the one thing I do know is that every market crash has led to another all time high.
Last time I posted this the market dropped down 34% and then it rebounded to an all time high five months later. Does this behavior tell you what’s going to happen next? Absolutely not. We don’t know what will happen over the next few weeks or months. Anyone who says they do is full of shit.
So “now” isn’t the moment to do anything special. “Early and often” is always the best time to invest. Invest last month, invest this month and invest next month. Keep investing over the next few decades and you’ll be rich.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.