I wasn’t aware of what was happening on Black Monday, October 19, 1987. I was 5 years old then.
But the more I learn about the stock market, the more I think about how I might’ve behaved if I’d had money on the line.
And I still struggle to imagine a realistic scenario where I would’ve traded that period in a way that would’ve left me better off than simply holding or dollar-cost averaging through the ups and downs.
That’s because amid all the turmoil was a surprisingly bullish stat that continues to remind me of the perils of trying to time the market.