Mutual Funds Slammed to the Ground Do Get Up Again
If you listen to the news and the financial talk shows you sure hear a lot of folks calling in and telling absolute horror stories about their 30-40% loss in their portfolios and mutual funds. It's sad to listen to their voices and you can only empathize with their plight, as they are not alone. Over 95% of folks with mutual fund took a huge hit and virtually no one was spared. Some hurt obviously more than others, some completely devastated, life savings nearly wiped out or cut by a third or in many cases by half. Ouch.
Now then, let us discuss the positives in such horrendous climatic stock market crashes. In 1996 the stock market went down by a huge amount, but amazingly enough within four years the stock market as a whole had gone up over 100%. And let's not forget that if you bought a stock of a major Dow company in 1975 it would be worth almost triple today, even in this market and in four years we will be way back up from the lows and probably well above the highs prior to the crash.
There is a saying or mantra that runs in my family; "Truth crushed to the ground, shall rise again!" Almost sounds like a Rocky theme song. But, I think it is quite apropos to the current stock market and so, you can know one thing and that is Mutual Funds that have been slammed to the ground and left for dead, will rise from the ashes once again. You can count on it, so please consider this and my opinion herein.
Lance Winslow - Lance Winslow's Bio. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/.
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