The market has never gone to zero, or anything close to it. If it ever did, every form of retirement would be gone (including Social Security), because the government and country are bankrupt. Yes, a recession can hurt you, but you're ignoring the decades of good rates of return before and after.
The rate of return on the Dow Jones has provided the best rate of return over any 40 year period for any investment anywhere, ever. Including the 40 years with the Great Depression in the middle of it.
Even a relatively low income worker, if that 16% of their income was invested in market-tracking mutual funds, would be a multi millionaire by their 60s.
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Originally Posted by Aces4
And one big blip in the market and all that money is gone in an instant. Nothing like everyone sitting at the craps table for retirement benefits.
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