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.... Imagine if stocks average 8% over the entire life of the market, and have just spent 10 years averaging 0%. You could be there for the next ride, which for new money I'll probably miss. Patience!....

Just for clarification. In addition to the possibility of a few bad years being averaged out with some very good years over the long term, the advantage I was referring to was that when you buy a stock(or index fund) you are really buying a small piece of the company so when you are buying the lower the price the better it is for you.

For example if instead of stocks your only retirement option was gold (which would be terrible) then for the 40 years from your 20's thru your 60's, you would really want the price of gold to be as low as possible so that your $5,000 per year would buy you the most gold.

Within reason stocks behave the same. During your accumulation years you should really want the stock market to not grow too fast.

Greg
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