By James E. Wilson via Iris.xyz
We are closing in on a decade since the 2007-2009 stock market “meltdown”. Rarely a week goes by that someone I encounter doesn’t refer back to 2007-2009 as a period where they “lost 50%” on their investments.
Indeed, the S&P 500 Index declined by 57% from the peak in October 2007 to the bottom in March 2009. What is missing in this discussion, however, is that investing is not for a year or two but for a lifetime. If you focused too much on the 17 month long period above, you likely missed out on the subsequent 7 year long bull market which has seen the S&P triple in value from the 2009 bottom.
Click here to read the full story on Iris.xyz.