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by dredmorbius
5365 days ago
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Take a look at the major US stock market indices from 2000 to present: DJSE, S&P 500, NASDAQ. They're flat or down (markedly so for the NASDAQ from its 2011 peak). Stock investing for retirement is predicated on a market which rises relative to inflation (investing in this regard is an inflation hedge). Paul Krugman in The Great Unravelling (2003) noted that a stock market which provides consistent returns is also consistently undervalued. Stocks (or any other investment vehicle) are not an automatic win. There are also long stretches in which returns have been nil to negative:
http://www.nytimes.com/interactive/2011/01/02/business/20110... |
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And if something would be an automatic win it wouldn't take long before everybody would be doing it, killing the economy (and whatever it was that was an automatic win) in the process.