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"You may experience losses for a few days in a row -- but probably not for a few years in row."


Why are you giving a new investor such bad advice?

The DJIA is an imperfect proxy for the equities markets. But it's good enough. There have been decades --not merely years-- prices when down, e.g., Jan '66 to Jul '82.

Why have the past ten years been good for investors? The Fed's free money and a lot of financial engineering, not genuine economic growth. The bubble will burst. Newbies need to be aware of that.

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