Stocks for the very long run
“In the long run, we’re all dead”
John Maynard Keynes
The S&P 500 is at the same level it was in 1997. 11 years of stock market gains have been erased. So when you hear someone say they’re investing for the long term, they mean the really long term. Although I am not happy to see my portfolios lose over 40% of their value, I am happy that it happened to me now at this age instead of happening to me later in life.
Tim Ferriss, author of The Four Hour Workweek, has two interesting posts on investing over at his blog. They’re worth taking the time to read:
Whether it’s good or bad, the downturn in this market is really making me rethink my risk tolerance and what it means to “invest.” How have your perceptions changed, if they’ve changed at all?
