The average length of up markets since 1947 = 45 months; the average length of down markets = 11 months.
Maintain a disciplined strategy and only alter it if your personal situation has changed unless, of-course, you believe (which I do not) that there will no longer be a U.S. financial system and capital markets as we know them today.
Remember, that (unlike many smaller countries that have seen their economies collapse) the U.S. is still the largest economy in the world and Japan, in second place, is only 1/4 the size of our economy. China, for example, still has a long way to go to reach the size of the U.S. and per person (per capita), the numbers are staggeringly different (over $40,000 per person in the U.S. versus about $400 per person in China).
As I always say, keep perspective.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.