Quote:
Originally Posted by StarkReality
For stocks: Just hold and wait if you didn't already sell...on a timescale of 10 or 20 years, this small down isn't mentionable and all this talk about a worldwide recession or big bang is a good indicator we have already seen the bottom.
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If these stocks are in the US market - best place is out of that market. Agree on a more long term view, but US markets have barely gained 3.5% over the last five years (18% net of inflation) and there is very little on the horizon to think the future will be different.
You can compare this with the Canadian market where gains have been 75% over the same five years (net of inflation). Same with other markets - Japan is 39%, UK is 64%, Germany is 30%.
But... on a postive side - if a US person had invested in eg the Canadian market during the last 5 year term, the gain is more significant. These folks would have had a total gain of 120% over that five year term when denominated in US dollars.