but this chart will eventually make new highs because it is a market index. u cannot apply the same buy and hold strategy to individual stocks with same confidence.
A really easy strategy that does work is to put $100 a month or say $2000 a year into the market. Make it your egg nest while working a normal job(wrong forum for that I suppose). During high valuations you buy less shares than during low valuation periods. Get it out when you're old The way I see it, if you believe in capitalism you'll put money in the market.
If not actively trading, this is the best strategy over the long run. into an index etf, like spy. it will actually outperform the majority of money managers. problem is, it requires averaging in consistently over time, even during bear markets, which is difficult for most to do, unless automatically invest x amount every month or year.