Getting your money right helps in many ways because money touches so many aspects of our lives.
Nothing has ever existed that has created more wealth or has been more influential in the transformation of families and people over time than the stock market.
If you’re an investor, you’ve more than likely noticed how volatile the stock markets have been. However, if you stay the course, you can avoid stepping on the emotional merry-go-round by always keeping the big picture of your future retirement in sight.
Studies show millennials have been giving up on the stock market. Over the past year, 49% have reportedly sold all or some of their investments, compared to only 21% of gen X and 17% of gen Z.
When asked, the main reason millennials sold their investments was to cover household expenses, losses from crypto investing, inflation, and fear.
The Standard and Poor's 500, or simply the S&P 500, is a stock market index that tracks the stock performance of 500 large companies listed on exchanges in the United States.
If you buy into the S&P 500
The best advice is to not let the volatility of the market stop your contributions. Instead, see it as an opportunity to continue to contribute when the market's lower when you'll get more return for the same amount of your contribution.
Ally article: https://www.ally.com/do-it-right/trends/weekly-viewpoint-august-26-2022-dont-quit-on-investing-3-reasons-to-stay-the-course
Book by Brian Feroldi: Why Does The Stock Market Go Up? Everything You Should Have Been Taught About Investing In School, But Weren't
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