Historically speaking, there is a major stock market downturn every 3-5 years. Though timing the market is impossible in the strictest sense, the best time to buy a lot of stock is when it’s cheap.
When people say market timing is impossible, they are largely wrong by the way. Market timing is impossible if you are stupid, at least in the sense that I do it and mean it.
So I’m preparing now for the coming crash. When it’s down 20% or more, I’ll buy. This is likely to occur very soon, I think. Lots of hot money sloshing around now doing highly preposterous things.
I’m loath to give stock advice these days but the wait-for-crash is a good strategy for anyone who doesn’t need money in a 5+ year time frame.
By the way here is the periodicity on average of various declines.
Buy things when they are cheap. It’s hard to go wrong with that strategy in any area of life.
And oh yeah, I’d stay out of fossil fuel stocks.