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No money in the market for the last 15 years. We made 11k on 5.12% CDs last year.
Yes lost, for many who watched their life savings disappear and bailed at the wrong time, something they did not know when they bailed, and something you do not know could get much worse than 6300. I had a freind whose uncle lost $150k in that 1929 crash, equivalent to millions today.
The crash of 29 saw stock prices take 25 years to recover.
I tried to get the wife to let me put money in our local utility when it dropped to 26 per share. It's now at 34. We could have bought 10,000 shares.
The question is where will it be in another year, or 5 or 10.
if you know all those answers you are a very wealthy person.
regards
Mech
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