It is always essential to be prepared for difficult times. Investments, like life, don't move in a straight line. Believing otherwise ought to be considered insanity. Any seasoned person who has lived for a long time will confirm this.
While there are many reasons, the reason I pursue stocks is to achieve financial independence and financial independence opens up your choices. Those choices enable people to make the decisions they want to pursue and avoid situations that they don’t want to do.