Not Rocket Science Here
“Invest for the long haul. Don’t get too greedy and don’t get too scared.” –Shelby M.C. Davis
Check out the graph below to verify the accuracy of Shelby’s quote. The longer you stay in the game, the better the odds are you will see gains. Not rocket science here but sometimes a visual representation can help drive the point home better.I also believe that most people still need some exposure to the markets, regardless of age, to combat the devastating effect inflation can have on our purchasing power. Equities have proven to be one of the best tools to out pace inflation over time. An 80 year old healthy investor can expect to live at least 10 more years. Inflation can do a lot of damage over that period of time if you play it “safe” and don’t keep pace.