The other day I tried to put things into perspective. I’m prepared for lingering effects of the macro right now, but I DCA into VTI and SPY consistently.
I looked back at SPY from the high before the crash in 2000 and it would’ve basically taken 7 years to see your position turn green (not factoring in dividends). Similarly in 2008 it would’ve taken 5 years to see it break through that 150 mark or so. So you could’ve been somebody who bought SPY and never see it break through 150 or so for 12 years. That’s a long time!
I hope it is over sooner, and markets have not made sense since 2020 but I’m a buckled in just in case it’s 2-3 years to get back to even on things bought today.
Curious what others think regarding this or if there is significant reason to believe this time is different?
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