Vanguard introduced its S&P 500 index nearly thirty-nine years ago.
It averaged a compounding return of about 11.1 percent.
That means if $100 were invested each month, starting at the fund’s 1976 inception, it would have grown to more than $716,000 by July 24, 2015. In other words, by investing a total of $46,600 between September 1976 and July 2015, investors would have close to three quarters of a million dollars.
Global stocks fell 2.8% yesterday. If you have a job, that's great news. If markets fall a lot further, that will be even better. Think about the stock market as a grocery store filled with non-perishable food items. Rejoice when they're on sale. Hang your head in disappointment when prices rise. On average, stocks rise 2 out of every 3 years. When you're employed, and you can add fresh money, hope for stocks to fall. My apologies to retirees. But as Warren Buffett once said when he related golf too investing, "Every putt makes someone happy."
Some via Andrew Hallam
https://assetbuilder.com/knowledge-center/articles/why-millions-of-americans-should-hope-for-a-stock-market-crash
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