A short Capitalism.com YouTube monologue explaining why some people secretly hope for a market crash to justify past and future inaction, and arguing that consistent monthly investing (dollar-cost averaging) and occasionally doubling down during downturns is a more reliable wealth-building strategy than trying to time market bottoms.
People root for a market crash because it justifies them doing nothing. It also justifies them doing nothing in the past. If there's a market crash, then people say, glad I didn't take that risk before. And it justifies them having done nothing to build wealth in the meantime. They also think that if there is a crash, then they will be the smart one who buys at the bottom. But we as human beings have a very hard time getting into investments when things are going down. That's why they're going down. Most people think they're smarter than the average person. And so if the average person is selling while the market's going down, you will be the smart one that buys in at the bottom. That almost never happens. Instead, it usually makes more sense to just put in a consistent amount of money into the market every single month, regardless of what is happening. There will be ups and there will be downs, but over time, you tend to come out ahead. And if there is a crash, then you can double down. But most people are waiting for an event that simply isn't going to happen.
