The answer to “So?” Is that the market can be a very rocky ride that is difficult to stick to. And 7% returns were a GOOD outcome despite being nearly 3% less than what the S&P500 had returned for the prior centurySo? Let's say you were omniscient enough to cash out back then, how would you know when to get back in?Also took 25 years to do so, with over half that period featuring a negative real returnThe S&P 500 has returned over 500% since the peak before the dot com crash, about 7%/year.Shiller PE has ascended to nearly 37, which was exceeded only in 1999 and 2021 after which kaput. Concerning.. maybe time to lighten up?
https://www.multpl.com/shiller-pe
Had valuations returned to historical average or even Sabine average, the 7% return would have been much less.
Statistics: Posted by Nathan Drake — Wed Oct 02, 2024 7:52 pm — Replies 13 — Views 837
