Vinsanity

Young Jeezy's 'The Recession': I Think We’ve Bottomed Out

Sharksm and others must realize that if they have been investing for 40 years that their "cycle" encapsulated some of the greatest market gains in history. No World Wars, unprecedented technological innovation and greater access to the markets generated a huge tailwind for you. Those tailwinds do not exist anymore. How much better than the SPX did you do over that time? My guess not much - regardless, bless you for being in their when my parents were buying penny stocks.

Buy and hold aways works if you have the right stocks or the right market - the next twenty years will not give us the same opportunity you had. Read Shillers "Irrational Exuberance" first edition for more on those tailwinds.