If you entered 2020 not knowing whether you had the stomach to be an investor in the stock market, your question has almost certainly been answered. That's because we've witnessed record-breaking volatility in equities this year, including the fastest bear market decline in history, as well as the strongest quarterly rally in decades.
The thing about volatility is that it opens the door for long-term investors to buy into great companies on the cheap. While I'm not saying the road to riches won't be filled with speed bumps, investors who look beyond the near term are often handsomely rewarded for their patience.
Plus, what's remarkable about investing in the stock market is that you don't need to be rich to become rich. Starting out with even $500 can be more than enough to put you on the path toward financial freedom.