Yodaorange posted, in pertinent part:
It is unpopular to say, but young people should be hoping for lower stock prices! Lower prices raise the expected long term returns. In our case since we are reinvesting all dividends, it means we will be buying more shares. What’s not to like about it?
That statement (in bold) may be unpopular in some parts, but it is spot-on! And Josh Brown of Ritholtz Wealth Management and a weekly contributor and guest on CNBC’s daily Halftime Report program has been saying the same thing for months. So, you are in good company.
(Josh is around 44, and I am exactly 70.)
And I have been reinvesting dividends like mad during this bear market downturn.
Thanks for posting, Yodaorange! And I share your sentiment in missing Ralph Block!
David (formerly, TMFWysocki)