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Suppose a person poured $500 a month into the S&P 500 beginning in 1982. Then the Great Recession’s downturn scared them into cashing out their money in March 2009. They would have accumulated approximately $475,000, Sideris said.
If they had stayed the course, even with the recent market dips, Sideris said they would have amassed roughly $3.2 million through the end of June.
Of course, they’d have to live through multiple recessions, rate hikes, bear markets, bouts of global instability and one pandemic during that 40-year span, Sideris said.
“No one actually stays the course. Everyone knows they should, but it’s really freaking hard to do it.”
— Shane Sideris, CFA, Synchronous Wealth Advisors
