In 12 months, the markets will be up or down.
You’re welcome. Nothing else to see here. #alwaysbeinvested
My crystal ball sucks, but my rearview mirror sees perfectly.
August 25, 2008 was my first official day as a financial advisor.
I was already a believer in passive investing, so on that day – in a tribute to my new career – I bought an S&P 500 Index fund (SPY) and let it ride.
It was painful in the beginning. My $10,000 shrank to $5700 by the following February. Woof.
And then the market bottomed from the Great Recession and it started to grow, grow, grow. YAY!
It’s been up and down since then, but I stuck with it through 4 presidential elections and a pandemic and 8% inflation and so much more.
And even after last year, my $10,000 has still grown to $40,664!
Yes, my little investment quadrupled over the last 15 years.
Imagine if you don’t save a single penny more and JUST the money you’ve already saved and invested quadruples over the next 15 years.
Would that feel pretty good? I bet it will!
Past performance is not a guarantee of future results, but the results I got over the last 15 years are very similar to the results for the 85 years prior to that.
So if the market continues its 2022 trend, just zoom out.
Things are very peaceful looking down from 30,000 feet.
