What I Learned From Investing Through 3 Big Stock Market Crashes
The stock market has recovered from the biggest crashes. Crises end, but the world keeps going.
Overview
This has been yet another great year for the stock market. The S&P 500 index (SNPINDEX: ^GSPC) recently reached an all-time high in August, and is up about 12% year to date. But some investors are worried. They're wondering if the artificial intelligence (AI) trade is overhyped and overpriced. They're concerned that U.S. growth stocks are too highly valued, and that the big gains can't keep going for long.
I've been working, saving, and investing in the stock market for more than 20 years. I've seen some things. And probably the biggest lesson I've learned in my career is this: The stock market always bounces back. Even the worst bear markets and stock market crashes lead to buying opportunities. Long-term investors tend to keep making money -- but you must be able to live with some short-term fear, doubt, and drawdowns.
Details
Let's look at what I learned about investing by living through three historic stock market crashes.
Source
Originally published at www.fool.com.