Guys I read this article and got worried about my investment in index fund. So the future bear markets will wipe out all my earnings?
After Two Of The Greatest Bull Markets In U.S. History, Why Are Boomers So Broke?
One paragraph says:
"You will notice that in every case, the entirety of the previous bull market advance was almost entirely wiped out by the subsequent decline.
So, what happened to all those baby boomers? Well, let’s walk through the sequence:
- Age 30’s: In 1980 the “baby boomer” generation is working, saving, and participating during one the 80-90’s bull market.
- Age 50’s: From 2000 to 2002, the “Dot.Com” crash cuts their savings by 50%.
- Age 53-57: From 2003-2007 the full market grows savings back to their previous level in 2000.
- Age 57-58: The 2008 “Financial Crisis” wipes out 100% of the gains of the previous bull market and resets savings values back to 1995 levels.
- Age 58-63: From 2009-2013 financial markets rise growing savings back to the same levels in 2000.
At the age of 63, “baby boomers” are staring retirement in the face. Yet, because of the devastation of two major bear markets they are no closer to their retirement goals than they were 13-years earlier."
Submitted March 26, 2019 at 03:20PM by geocom2015 https://ift.tt/2HYKeTT
