Quote: (07-19-2017 12:27 PM)Travel Museums Wrote:
So much doom and gloom.
THE ECONOMY WILL ALWAYS GROW. IF THIS FAILS TO HAPPEN YOUR MONEY WILL BE USELESS ANYWAY.
I get your point, but neither sentence in CAPS is true.
If you invested in 2000 or 2009 you might have been "lucky" but you were in a much better position. When those crashes happened money clearly wasn't useless. On the contrary, the difference between haves and have nots is that the big market drops don't crush the haves, for many reasons.
Recent history shows you the market goes up long term, and I have no basis yet to say it will not continue to go up (as I've said above, it will in my view) but let's not act like it will go up for sure, for all time. That's just silly stuff which has been proven absolutely false by history, just not as recent.