The point is that CASH invested properly has no risk of principal…
Even DCA into the market on your own still has risks.

Debating the buying power of CASH is a different story.

Taking any equity positions; stocks, bonds, preferreds, ALL have an element of risk to principal.

You have absolutely NO GUARANTEE of future of your statement balance. Regardless of the last 250 years of past results.

The market is a legalized pyramid scheme.
you CAN make money, but you can also lose.

Dow down 449 today. NASDAQ down 109. Panic is setting in. There will probably be a rally based on lies, then the decline will resume.

Tens/Hundreds of BILLIONS of dollars of paper value (mental wealth) has disappeared, no different than house values from 2005.

There is no guarantee that it will return.