Don’t worry — most millionaires are made during recessions

When we hear the word “recession,” the following immediately come to mind: cutbacks, unemployment, stock market crashes, and a horrible time to invest. All these implications are real since economies suffer, people lose their jobs, businesses experience decreased sales, and the nation’s overall economic output drops during recessions. The dominant narrative encourages saving rather than investing in the stock market or other assets, which makes the typical retail investor uncomfortable.
However, most millionaires are created in the years that follow a recession, such as in 2009 and 2010, which may surprise you. According to research on the stock market’s last 90 years, the typical bull market had a return of 480% and lasted 9.1 years. The average bear market, on the other hand, lasts 1.4 years on average and results in a -41% cumulative loss.
Asset prices reset during a recession, as though they were going on sale at discounted prices. And there is a protracted phase of growth following every recession. There has never been a better opportunity to invest your money.
Distance yourself from the noise in the news and don’t miss out on this opportunity. The majority of people over the age of 30 will tell you they regret passing up this opportunity.