It was a year ago today the markets hit absolute bottom. Things were incredibly dismal, and it seemed all hope was lost – or at least that’s what the popular media would have had you believe.
The fact is we’re a year removed from one of the worst bear markets in history. The markets are up nearly 70% plus or minus from a year ago today (depending on what market you look at and how you calculate it). When everything was at it’s worst, was one of the greatest buying – SCRATCH THAT – INVESTING opportunities of a LIFETIME!
But you wouldn’t have known that then…
It’s ironic that the popular media shows the market prognosticators who “called” the market bottom on TV today. Their interviews put them up on a pedestal just as a year ago they had interviews with the prognosticators who “called” the market top. The fact is, statistically speaking, there will always be those who “get it right”!
But in reality, banking on statistical luck is no way to invest your nest egg… And those who get lucky once, rarely if ever repeat that performance!
So enjoy our one year anniversary, it was a rough bear market – challenging at best to endure. Just remember, difficult times will come again!
