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Politics : Don't Blame Me, I Voted For Kerry

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To: Karen Lawrence who wrote (56566)11/4/2004 11:01:04 PM
From: David HoweRead Replies (1) of 81568
 
<< then returns turned negative >>

I agree that would have been bad timing. The market was inflated in the late 90s. The economy had been on a long powerful run due to the technology boom. The boom turned to bust as they all do eventually.

So, now that the boom has bust, we have a reasonably priced market and a long term investment is prudent. Over the long run, the market has done very well. If we were investing SS for use only a few years down the road, I'd say don't put it in equities. Since we need the results to pay of more than 3 decades from now, the choice is clear. The market has never gone down over a 10 year period. Over 30 year periods, the rate of return has always been outstanding.

Dave
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