Stop Investing Like They Tell You (Expanded Edition) by Stephen Spicer CFP®

Author:Stephen Spicer, CFP® [Stephen Spicer, CFP®]
Language: eng
Format: epub
Publisher: Morgan James Publishing
Published: 2021-09-14T16:00:00+00:00

Do you think a country’s stock market returns should be expected to be similar during the various stages of their life cycle? Obviously, any market returns during the struggle of the first stage would be very different than those experienced during the prosperity of the third. But, what about from the tail end of the fourth stage and beyond, when a country’s growth slows? Is it still reasonable to expect the same market trajectory as was realized during prior stages?

Remember Lowenstein’s question? “How do we know that the next new period won’t change the story again?”

It almost certainly will …

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