3 ms·
> Historically this has been true, but many people think we are at an inflection point and historical trends might no longer be true. This time is different is
by stouset 4y ago
> Historically this has been true, but many people think we are at an inflection point and historical trends might no longer be true. This time is different is certainly often said and rarely correct, but ... this time is different, maybe?
During the Great Recession we were told that the time of outsized market returns were over. We should expect to no longer see 10% YoY increases and plan around a more modest 3%–4% return for the foreseeable future. Between Jan 1, 2009 and Jan 1, 2023, the market went up like 450%. Including the recent market "bloodbath", we've had a 11%+ annualized return on investment in the stock market since the GR.
The moral of the story? Stop listening to people who claim to know what the market is going to do. Even if one of them does, the odds that you'll be able to pick that specific soothsayer out of a lineup is near zero.