Rick Ferri wrote: livesoft wrote:
Rick Ferri wrote:My guess is that this downtrend is temporary. ....
It would be pretty bad if the downtrend was permanent, wouldn't it?
That would basically mean the end of your livelihood.
Nope. When I started my company on July 1, 1999 the S&P 500 was at 1391. Today it's at 1394 and I'm still in business. That must say something!
1. We are today in a downtrend?
2. Rick, I bet if anyone had started with your recommendations on day 1, invested $1,000 monthly in a 60/40% stocks/bonds allocation and rebalanced their account by targeting the monthly investment (or rebalanced annually, if necessary), they would have done pretty well. They would have invested $160,000 and their account would be ??
While the index has gone nowhere ...
(My calculations show the return was above 7% before fees and transaction costs. In my opinion, so much for the lost decade!