In the past week I’ve had a lot of people say to me, “Dave, I understand that if the stock market goes down, it will recover, in time. But I don’t have time! I’m in my 60’s now. I don’t have time!”
Having an anxious personality myself, I know that feeling of dread. So I am making it my mission to help take away some of your financial worries. How? By showing you that things may not be as bad as you think!
Take a look at this:
When Pearl Harbor was attacked in World War II, the market went down 7% in four days. One year later, the market was up 15.8%
During the Cuban Missile Crisis in 1962 the markets went down 10% over a couple months. One year later, the market was up 41%.
When Richard Nixon resigned, the market went down 13.4% in August of 1974. One year later it was up 30.2%.
In 1987 we saw a stock market crash in October, where the S & P 500 dropped 31%. One year later it was up 27%.
After the U.S. invaded Iraq in 2003, the market was down 2%. One year later it was up 35%.
When the housing bubble burst in September of 2008, the market dropped 39% over the next two months. One year later it was up 49%.
What’s my point?
It doesn’t take nearly as long for markets to rebound as you may think. If you are in your sixties, there is a good chance you will live another 20-30 years. You DO have time.
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