Thoughts? I have to admit I've been nervous about this for a while now, with "once in a generation" events happening on a seemingly yearly basis, I started saving for retirement in 2019 and it seems like things have essentially traded sideways since then - my accounts are barely worth more than the money I've put in to them. The article is quite gloomy.
this post was submitted on 25 Oct 2023
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You are looking at it the wrong way, Because the market has traded mostly sideways for a while that means that the market is underpriced compared to what it should be. That is when you should be more willing to invest. I know it seems counterintuitive. This article explains the concept better than I can.
Since ~2019, the SP500 has gone up 45%. That is the equivalent of a 8.5% compound interest rate or 11% simple interest rate per year. If you're portfolio accounts are under performing that by a big margin than you might want to switch Funds and/or account providers.
There are always gloomy articles and headlines meant to convince you to sell. Because they want to buy your stocks on the cheap.