The No. 1 action Americans took in 2022 to build wealth

LTC Eugene Chu
..."Investing during a down market: ‘You should be super excited’
Investing in the stock market in 2022 has required some perseverance. Rampant inflation, hikes to interest rates and geopolitical tumult have all made for a tough environment for stocks this year. The S&P 500 index has shed more than 14% year-to-date.

While the slide in stock prices has likely scared off more than a few investors in the short-term, those looking to build long-term wealth have been smart to keep buying. That’s because, historically, the stock market has trended steadily upward. Should that trend continue over the course of your life as an investor, down markets represent opportunities to buy stocks at depressed prices, rather than times to panic.

“If I were a millennial or Gen Z, I’d be thrilled. I’d want the market to stay down for 20 years,” says Brad Klontz, a certified financial planner and financial psychology professor at Creighton University.

Regardless of what the market is doing in any given year, you’d be wise to invest consistently in a broadly diversified swath of stocks, Klontz says.

By employing a practice known as dollar-cost averaging — investing a set amount of money into your portfolio at consistent intervals — you virtually guarantee that you buy more stocks when prices are low and fewer when they’re high. "...

I think that the stock market usually is the best method for most!

It may build wealth but I lost my a** in 2022. Should have sold out earlier in year.