Quote:
Originally Posted by Sundancefisher
From your DOW Jones link.
So in 1990 the Dow was at 2,633
Now in 202 the Dow is at 26,765
Your point you are making about the past 30 years is what?
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My point isn't about the past 30 years, its more about the next 30 years and more importantly, each month and year between now and that future 30 year mark. It’s that I can’t predict the future and I doubt many others can either. So to assume the prices only go up and that the future will only be sunny days can get people into over exposed positions where they can’t handle short term volatility or have invested in areas where they won’t be able to hold on long enough to see a recovery.
I’ve invested primarily in equities for about 45 years now so I know the historic record. Currently my longest held equity is approaching 30 years. I’ve also worked in the investment field. Moreover investing has allowed me to work as I please and not work to just pay bills.