However, once the market peaks, it drops 37.6% on average.
Assuming you can time the market peak perfectly, there is a lot of money to be had. However, the downside risk is a lot greater than the upside opportunity.
If you are a long-term “buy-and-hold” investor, with the yield curve having just inverted in August 2019, be prepared to ride a 3- to 5-year roller coaster of highs and lows.
At the end, when you step off the ride, you can expect to have roughly the same equity value that you do today.