This is my last article in the ‘stock market crash’ series.
Over the last year, the market has taken us on a roller coaster ride. First, it fell by 20%. Now even as everyone is forecasting a recession, the market has recouped its losses.
Through all these ups and downs, it is very easy to give up investing altogether and just keep all your money in the bank.
So, for all of you who kept investing through this rollercoaster journey – congratulations!
By investing regularly, you have taken advantage of dollar cost averaging. This means that you’ve been buying stocks regularly, even when the market is down. This has helped you buy stocks at a lower price, which will help you make more money in the long run.
Additionally, you have built up discipline and consistency in your financial habits, making it easier to stick to your investment plan and resist impulsive decisions.
Investing regularly is like going to the gym. You don’t see results overnight, but if you stick with it, you will eventually see a big difference. And just like the gym, the more you invest and the longer you stick with it, the better your results will be. So, keep pumping those financial weights and watch your wealth soar to new heights.
Now, I must confess – I have no idea what the stock market has in store for us next. It may go up or down or sideways. However, I am strapping myself in for the long term and will keep investing every month and enjoy the ride. I hope you do too!
Well, it was interesting reading through your blog. It did give me a few valuable perspectives about life and a bit about financial management as well