> The stock market has historically never dropped in value over a 15 year period.
Feel free to clarify this, because I don't agree.
The records of the FT30 index only go back to 1935[0] - which is not nearly long enough to make reliable predictions about the next 40 years - but still, it dropped in value in the following 15-year periods (before taking into account time value of money):
Feel free to clarify this, because I don't agree.
The records of the FT30 index only go back to 1935[0] - which is not nearly long enough to make reliable predictions about the next 40 years - but still, it dropped in value in the following 15-year periods (before taking into account time value of money):
The 20-year periods 1954-1974 and 1989-2009 also.Still not convinced? The fact that this is a surviving index makes it biased - indices which show a loss of value are less likely to be retained.
[0]http://www.ft.com/ft30