To: Mike K
"Those who began their long term investing in March of 2000 will wait 20 years before breaking even."
Don't forget to factor in inflation. At average 7% yearly, and remember that the destruction of purchasing power compounds yearly, it might take a multiple of 20 years to get your capital back in real inflation adjusted terms, and in that time, there could be a whole another bubble followed by a burst, giving rise then to thoughts just as you stated above today.
Face it. Buy at the top of any bubble, and lose it in the burst, and it is gone forever---to the guys who got out early. No one who lost it is ever getting it back.
50 posted on
01/27/2003 10:29:14 AM PST by
Jason_b
To: Jason_b
Don't forget to factor in inflation. At average 7% yearly, and remember that the destruction of purchasing power compounds yearly, it might take a multiple of 20 years to get your capital back in real inflation adjusted terms7% inflation? Son, we're in a DEFLATIONARY cycle right now.
52 posted on
01/27/2003 10:36:33 AM PST by
Poohbah
(Four thousand throats may be cut in a single night by a running man -- Kahless the Unforgettable)
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