Yup. I got suckered in:
http://www.marketwatch.com/story/this-is-the-top-no-wait-this-is-the-top-2016-07-21
http://www.marketwatch.com/story/this-is-the-top-no-wait-this-is-the-top-2016-07-21
The don't brush it away. It's there. It's just in historical context. Obviously none of us are going to live 120 years, so if you were there, yeah it was obviously traumatizing. But if you bought the bottom and lived for the next 40 years, well, you also kicked butt. It's all about entry points.I like how they brush away the 80% great depression drawdown.
The don't brush it away. It's there. It's just in historical context. Obviously none of us are going to live 120 years, so if you were there, yeah it was obviously traumatizing. But if you bought the bottom and lived for the next 40 years, well, you also kicked butt. It's all about entry points.
And the wealth grows because you've chosen correct entry and exit pointsThe point of the graph is that it's not about entry and exit points. The markets grow because wealth grows. And you can try to time it but in the end it keeps growing. It's BTFD over the long term.

Yup. I got suckered in:
http://www.marketwatch.com/story/this-is-the-top-no-wait-this-is-the-top-2016-07-21