So few understand reality. You made 10% last year and lost 10% this year-10,000+10%=11,000. You then loose 10% 11,000-10%=9900
HUH 100 vanished.
Our CPI consumer price index is roughly 8%. It costs 8% more for the same goods. You pay that with after tax dollars. Take your top tax rate and add that to the 8% and that is what you need to make to be even.
Long term? Buffet is 86 and he advises he is buying, investing for long term? HUH covers that.
The stock market average, S&P 500 has been up every year for the past fifteen till now.
We are told long term the stock market always goes up. The peak of the great depression was 1932. I of course was not born. I read that if you stayed in the market in 1932 you recovered in 1968 so if you were 20 in 1932 you were roughly 60 when you recovered the money you lost.
I think all are uncomfortable. What to do and when to do it-BEATS ME. A good day in the market is losing less than the S&P. iT IS STILL A LOSS.
|