I remember clearly how pessimistic everyone was from 2009 to 2010. Pessimism was the norm all around me. Many gave up on stocks and many also believed that home prices would never recover for many years.

It took over 1 year for the markets to find a bottom back then. And when the bottom was in, many still believed markets would continue to fall. I learned that a few months of declines are manageable for many but when the declines last over a year, it breaks people inside. It took over 4 years to get back to its previous market highs.

I would not be surprised if we experienced something like this again. A long treacherous sideways, low return environment for a few years.

If wage inflation does not moderate in the next few quarters, we will likely find ourselves in quite a sticky situation.

Investing really helps you realize how volatile the world is. It’s impossible to predict the bad and the good news that often surprise and affect our investments. What is important for me is to focus on the reasons why I chose to invest in such companies for the long term and accept the fact that the road towards such visions will never be in a straight line.

With that in mind, I am a buyer of stocks each and every month! Time for a quick update!