The stock market is a wealth-building powerhouse, and this year has been another one for the record books.

Both the S&P 500 (^GSPC +0.21%) and the Dow Jones Industrial Average (^DJI +0.22%) reached new all-time highs earlier in August, and the tech-heavy Nasdaq Composite (^IXIC +0.16%) has surged by close to 18% from its April low.

However, volatility is a concern among many investors. Between the ongoing war in Iran, uncertainty around a potential AI bubble, and stubbornly high inflation testing the Federal Reserve, there’s no shortage of catalysts for a downturn.

Fortunately, history says that no matter what may be coming for the market, there’s a foolproof way to generate life-changing wealth. Here’s how.

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