Betting on another 911

[kimchi]

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People have been screaming this for 70+ years about the market, and guess what? Every time, they are proved wrong.
S&P 500 returns (off the top of my head) have averaged between 8-11% a year for the last 60 years


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But previous to that, the returns were significantly less. Adjusted for inflation, the stockmarket gives mediocre returns for quite significant risk. It's quite an art to create a properly diversified portfolio, but if you had one, the recent turbulence wouldn't be such a big deal.

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And what you're advocating is a form of market timing, buying more when things are cheap and less when things are expensive, which I do endorse.

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This is notoriously difficult to consistently do, however. Most Joe public investors end up doing the exact opposite.