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And yet, starting tomorrow, we might be at the start of another down cycle like the one that ran from 1966 to 1982. That was 16 years. For any actual living ind
by lkrubner 8y ago
And yet, starting tomorrow, we might be at the start of another down cycle like the one that ran from 1966 to 1982. That was 16 years. For any actual living individual, it would be life changing, in a bad way. Even for young people. From 1966 to 1982 the nominal stock market index declined slightly, at a time when inflation was in the double digits, so the real rate of return was horrible.
- closeparen 8y agoYes - no one is proposing that one can retire in 16 years. The S&P 500 over a 40-year working career from 1966 to 2006 returned 5.57% after inflation [0]. [0] http://www.moneychimp.com/features/market_cagr.htm http://www.moneychimp.com/features/market_cagr.htm