Blade is correct. The peak Jan 1 2000 (AOL -Time Warner merger). So u young kids out there. That was the peak of the internet bubble.I didn't have $10 million by age 55 because of the lost decade which had low returns. But, in terms of 2024 dollars I did have 10 million at age 55 as inflation is more than 18% the past 2 years. Anyway, my point is a diversified portfolio helps weather the storm which can happen again.
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The stock market subsequently went down 40% over the next 20 months (include the devasting 9/11 attacks sent stock market in another spiral)
While it rebounded slowly and kept going up to 2007. Than 2008 happened
Basically a lost decade of returns as blade mentions
That’s why I caution those who have only been in the market since 2016. U don’t know what a true market crash and slow climb is yet. It will happen again. We just don’t know when.