That's the key. If you are looking at a horizon of 10 years or more, the stock market has always (with some rare exceptions) gone up. That is to say that if you take a random point in time, and look at the stock market 10 years later, you will have a very hard time finding a point where it didn't go up more than inflation.
If you do this exercise with shorter and shorter time frames, more and more points in time will show a negative return.
This was just a long-winded way of saying that I agree with you. Stock markets are good investments, but your horizon has to be long, and that means at least 10 years.
If you do this exercise with shorter and shorter time frames, more and more points in time will show a negative return.
This was just a long-winded way of saying that I agree with you. Stock markets are good investments, but your horizon has to be long, and that means at least 10 years.