Remember there is always a risk of permanent loss in the stock market. The most widely known route to a permanent loss is bankruptcy. Another way is that a company that you own shares in may go private at a price less than what you paid for.
In a day and age where employment is increasingly tenuous, it pays to maintain the viewpoint of building your own security. People needs to build their own retirement, healthcare and (increasingly) even their own career by owning a business or pursuing some form of self-employment as employers increasingly become unreliable. All of this takes money. Save all you can while you can.
Long-term investors should always look for lower stock prices. Lower stock prices enhance the chance of superior returns over the long-term. However, diligent investors should make sure that the correction isn’t justified.
Long-term investors should always strive to find stocks of publicly traded businesses with decent fundamentals trading at low valuations. The cheaper the stock the better the chances of achieving a superior return.
Always invest in educating yourself. It doesn’t necessarily mean go to college. It could mean learning a trade skill and reading books to improve your knowledge in areas such as investing, technology or any other fields that you may want to pursue.