The world’s a better and brighter place when your portfolio’s growing like spore bearing mushroom fungus. Horizons are expanded. Perceptions are broadened. And the secrets of the universe are all within reach.
Life takes on new meaning when you’re getting financially loaded. The decade long bull market in U.S. stocks has brought clarity, purpose, and accomplishment in ways that are both agreeable and reassuring. Namely, these matters have been delivered in the form of budding portfolio statements.
A simple investment in a low-cost S&P 500 Index fund has delivered 4X returns over the last decade. John Bogle, no doubt, is smiling from his grave. He was right. Your broker at Edward Jones – the one that put you in an actively managed mutual fund with the high fees – was wrong.
Do you think the S&P 500 “might could” quadruple again over the next decade? Stranger things have happened. For example, Alan Shepard wet his spacesuit in the Mercury capsule prior to launch without consequences. Who’d a thunk it?
The more important question, however, is: Would another 4X stock market run from here be a good thing? Continue reading