They say 'time in the market beats timing the market' and that on a long perspective, the market always goes up. However, if you had invested in 1929, you would've had to wait until 1959 to be in the green again, and if you had waited just 11 years more, you'd be in the red again, all the way until 1991. (see https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart)
So on human timeframes, it seems that this adage is actually not great investement advice at all? How do we know this is not going to repeat? I'd argue that with growing uncertainty and disruptions due to climate change (and subsequent political upheavels) this becomes way more likely compared to the 80s-2000s period (in which the market went up up up)
(first time poster, be gentle, thx.)
