Quote:
Originally Posted by MortonH
"Long term" to me means 20+ years traditionally. Looking at an 11-year period that contained a GFC isn't representative.
However, if you believe another GFC is around the corner as some suggest, and then consider the possibility that markets may never return to pre-GFC stability, then you might consider it reasonable to adopt your own definition of "long term".
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I recollect reading where the US share market took around 30 years to recover from the 1929 crash. Which sort of had me wondering if that period was included in the statistics about long term returns of the share markets.
Regards,
Renato