Ten Years Later - Is the Market Higher?

In Staying Calm in a Volatile Market posted on December 12, 2007, my financial advisor said, "I know the market will be higher 10 years from now."  It gave me confidence to stay invested in the market.   However, the 08/09 bear market came and was devastating.

So is the market now higher 10 years later?

The answer is yes.  On December 12, 2007, the S&P 500 closed at  1413.21. On December 12, 2017, the S&P closed at 2664.11,  87.1% higher despite the significant decline in 08/09.     So the answer is yes.

In fact, the U.S. Stock Market has recovered from every bear market and subsequently reached new highs.

So when the market declines, I am going to stay invested and add more funds to participate in the inevitable recovery.

For more on The Practice of Personal Finance, check back Wednesdays for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

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