I've been told that a recession is coming since 2009, when I started investing - there has never been one since then despite all the dire predictions - therefore, my investments are safe
As long as you didn’t sell, and in fact bought more on the way down, you did well. Of course, not everyone’s time horizon works the timing (you might need the money and so sell at a low point), but generally, being in the market pays off.
Why is this text not rendered as expected.
If you type 2 asterisks it's rendered as one, it's an escape character mechanism:
This text has one asterisk on each side
*This one has two on each side*
Obvious now
https://news.ycombinator.com/formatdoc
I've been told that a recession is coming since 2009, when I started investing - there has never been one since then despite all the dire predictions - therefore, my investments are safe
As the saying goes, "Macroeconomists have successfully predicted nine of the last five recessions."
> there has never been one since then
There was one in 2020, granted it was the shortest on record.
If you had started investing 1 year earlier though?
As long as you didn’t sell, and in fact bought more on the way down, you did well. Of course, not everyone’s time horizon works the timing (you might need the money and so sell at a low point), but generally, being in the market pays off.
The government is very decided on not letting one happen, or hiding any minor recession. They will throw money at the problem as long as they can.
Have to protect boomers retirement accounts at the cost of future generations