On any given day our financial media makes an amazing job of peddling doom and gloom theories. Take the past few months alone. It was:
RBI Vs Govt, Oil Crisis, Rupee Depreciation, Falling Industrial Productivity, RBI Governor Resigns, Worries Over BJP not winning the state election and countless other reasons. But the thing is markets reward those who have patience and discipline. Here’s a beautiful illustration of S&P 500.
The chart of Nifty 50 is almost the same minus the annotations
Of course, there is a whole lot of hindsight bias but the fact that the probability of you doing well if you are disciplined and stick it out is indisputable.