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We are in the early innings of a multi-year bullmarket... I think so too... The S&P 500 is going to double within the next 10 years.
Quote:
Originally Posted by jp03
Its interesting..as I think mathjak always says..its what we don't see that crashes the market.
We could very easily see both a crash and the market double over the next 10 years. We haven't had a crash since 2008 (12 years), I would be surprised if we made it 22 years without a crash (though it could happen). And doubling in 10 years is ~7.2% annual gain on average, not historically unlikely.
Sure did! We sat and watched, and the day the market hit below 19K, and the stimulus was announced, I said to hubby, this is it! We need to jump back in right now! And he said no, he was too scared. I explained to him that the stimulus would cause market to climb, and how the recovery after black swan events is usually very fast, way before whatever caused the event normalizes. He said no. Biggest financial mistake we ever made.
We're still out. Not sure what we're gonna do.
On the other hand, our many rental multis have skyrocketed in value.
Location: Was Midvalley Oregon; Now Eastside Seattle area
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^Our your living Income is derived from other sources and Not from the Stock Market. Our rentals, SS, annuities, pension are more than enough for our retirement. Our trading accounts are discretionary.
Is this you?
We could very easily see both a crash and the market double over the next 10 years. We haven't had a crash since 2008 (12 years), I would be surprised if we made it 22 years without a crash (though it could happen). And doubling in 10 years is ~7.2% annual gain on average, not historically unlikely.
I don't consider bear markets to be crashes, those are just part of a normal market. I consider 1987, 2000, and 2008 to be crashes.
Last edited by jdhpa; 11-24-2020 at 09:09 PM..
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