Reply to How do people have massive retirement accounts if it's a $19,500 (or whatever) limit per year?

Forum Index » Money and Finances

Reply to "How do people have massive retirement accounts if it's a $19,500 (or whatever) limit per year?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Longest bull market in American history supercharged by ridiculously low interest rates.  Check back on everyone's "massive retirement accounts" in two years when the market is down 75%.[/quote]

This doomsday attitude explains why this poster is so far behind so many of us in retirement savings.

I'm 60 and have been retired for 7 years.  I invested the bulk of my retirement savings in index funds from the very beginning -- the mid 80s -- and still am.  In the last 50 years, the Dow has finished the year down 14 times and up 36 times.  It's never come close to dropped 75 percent; [b]the biggest drop in the last 50 years (34 percent in 2008) was less than half that[/b], and with one other exception (1974) it's never finished a year lower than 20 percent ahead.

In contrast, it's finished up more than 20 percent 14 times.

If you're patient and smart and invest with a long haul attitude, and don't allow yourself to get crippled by this poster's thinking, there is no surer way to a healthy retirement than investing in the market.  [/quote]

This is right.  TO add further context, after the big drop in 2008, it recovered 18% the next year, and 35% over the next three years.

From 2000-2002, the market dropped about 30%, but in 2003 it gained 25%.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics