Why A Sliding Stock Market Is Like A Winnable Baseball Game

A few weeks ago, a young investor contacted me with concern.

He asked, “What happens if we experience another “lost decade” for stocks? I’m afraid that I won’t make money. How do I protect myself from that?”

I told this investor that I have experienced two “lost decades”: from 2000-2010 (U.S. stocks) and from 2007-2017 (International stocks). And…my net worth continued to grow. I don’t care what the stock market does, and nor should he. I promised to write a story to help him understand, and to help anyone who fears another possible “lost decade.”

Image by Pixabay

I hope you find this useful.

 

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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