When mutual funds were invented, it was a wonderful way to spread the risk in savings to get money into the future in your savings plan. Turns out a major correction in the market means it takes more time to get savings growing, and in the last decade its been tough to be in market driven investing. We have run out of time for waiting for better times, and have a bit of concern for the near future, who doesn't.
We just got off the horse, onto a donkey, less risk, slow and more bond dependent. yet with the opportunity for greater returns. No one knows the future, but we have borrowed too much money as a nation, and we are glad to sleep a bit better over the security of our savings. The retirees I serve are constant examples of frugality, wisdom, and generosity.
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