Quote:
Originally posted by Monk
But the trick is buying when the 20 year cycle is at bottom. Anybody who invested in stocks in 1999 and holds them until 2019 will probably not be breaking even.
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Based on the S&P 500 (which is a fair representation of the market), since 1926 there has never been a 15 year or 20 year cycle where stocks lost money or broke even. They always gained over those time periods. Over a 10 year rolling period, there is a 3% chance of losing money.