We're in a recession and the stock market has taken a beating for over a year. You've also probably noticed your portfolios drop significantly in value. It's been a tough go of it for investors lately, but what effect will this have on long-term results? I'm not talking about a year or two from now, but over the next few decades. Will this recession, while painful right now end up being just another blip of economic history 25 years from now?
For those of us who are investing for the long-term, it's important to keep that in perspective when looking at our investments. Yes, it hurts to see your portfolio drop 50% in just over a year, but is that really cause for concern if you're expecting to wait 20 or 30 years before tapping into those funds? While nobody can predict the future, we can learn from the past. See why you should keep things in perspective when analyzing your investment returns.
We’re down -30% over the last 10 years, -3.5% per annum. We’re up 80% over the last 20 years, +3.0% per annum. That’s the long term perspective. Frankly, I find it confusing.
http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my&l=on&z=m&q=l&c=
Not everyone has the luxury of being able to wait 20-30 years before they can tap into their retirement investments, as the article suggests. What should people who are in their early to mid-50’s do? We were told by our financial advisors to keep the majority of our retirement savings invested in a variety of stock mutual funds?
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