The stock market is a device for transferring money from the

The stock market is a device for transferring money from the impatient to the patient.
-Warren Buffett

The SP 500 doesnt deliver a smooth 810% a year.

Thats just the average.

Since 1900:
68% of years were positive
32% were negative

Average up year: +18.1%
Average down year: -14.9%

In other words, long-term returns may compound to ~10%

But the path to get there is anything but (!) smooth.

So markets reward investors over time - but youre constantly tested along the way.

The real question isnt whether volatility shows up.

Its how youre positioned when it does.