portfolioafterlife
too fast for love
More significant for individuals, there have been three instances of a “lost decade” in which the market ended a 10-year or greater period at or below where it stood at the beginning of the period. In Exhibit 3, the dotted vertical lines in
black represent the beginning and end of each of these periods. So, for example, an investor holding the S&P 500 in 1982 can look back 14 years to 1968 and see that the value of their portfolio remained the same over that period.