> The markets will recover soon enough. <
I’m of that opinion also, for one simple reason: Interest rates are low these days.
If you want to invest for your retirement there is only one place to go, the stock market. This will drive the market higher. Bonds paying 1 or 2% just won’t cut it. Now, if bonds were paying maybe 6%, I wouldn’t be so optimistic about stocks.
Disclaimer: But what do I know? Warren Buffett has never called me asking for advice.
” Bonds paying 1 or 2% just won’t cut it. Now, if bonds were paying maybe 6%”
I am not familiar with bonds. If the interest rate goes up will the new Bond interest go up?
” If you want to invest for your retirement there is only one place to go, the stock market. ”
The stock market and bond market are great going up - and of course they’ve been pushed since the country switched from defined benefit plans to defined contribution plans.
And these two investment classes are sold by brokers, used exclusively by most financial planners, and pushed by websites and online brokerage firms.
We’ve done *great* investing in music royalty interests, apartment complexes, etc.