Jason Zweig
speaker
906 appearances
17 recordings
1 series
first heard Jan 2018
last heard Sep 2022
Jason Zweig’s voice in public audio — every appearance, attributed to the second.
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Appearances
And those returns are going to fall away.
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They will no longer be in the 10-year record as of November of this year.
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When that happens, the long-term record of the stock market looking back 10 years will suddenly improve.
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In fact, the average annual return on the S&P 500, even if the market goes nowhere from here where we are today, would effectively double just by losing those months out of the 10-year history.
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Yeah, exactly.
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It's not that stocks have suddenly become more profitable than they used to be.
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It's just that two of the worst months in modern history have disappeared from the 10-year history.
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Well, yeah.
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I think what's really happened is we've gotten to the point where we've gone so long without a major decline and the volatility is very low.
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Stocks fluctuate day to day just in the smallest of scales at this point.
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So, it's very easy to be lulled by that into a sense of false security or a feeling that stocks only go up, people always buy the dips, et cetera, et cetera.
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And I think the difference between investors and pretenders is that it's very easy to say you're a long-term investor.
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when the market is going up.
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When it starts to go down again, suddenly it becomes a lot more difficult.
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And people should really look themselves in the mirror and ask themselves whether they're really ready for a sharp decline.
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I'm amazed at how many people I talk to who don't
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think or don't believe or don't remember that from the peak in 2007 to the bottom in 2009, stocks went down over 50%.
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Every dollar you had became 50 cents.
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And that very well could happen again.
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And if it does, and you're not expecting it, you probably will sell at the bottom.
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Showing 861–880 of 906 · page 44 of 46
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