Quote:
Originally Posted by Chi-Town
The Daily Sun today has a good news article on how the net worth of people ages 65 to 74 has increased significantly from 2010 - 2013. I would imagine 2014 will add to that increase. So to the naysayers who lament how badly things have gotten and how we're heading toward Armageddon, please remember that your financial well being is extremely important to you and your children. But to all read the article; it's a beautiful day in The Villages.
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I would say most of the gain in net worth consisted of gaining back what was lost when the market tanked. It all depends on the years being compared. Perhaps they should have compared 2007 or 2008 with 2013.
Also, not all investors got in at the same time, so some did much better than others. Some may have gotten out at the bottom and stayed out.
I was slowly accumulating shares (bargains) as the market went down so I eventually did well. I lost some money as the market went down but eventually made back much more than I lost.