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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?

It's not really bad advice. Mentioning the possibility of a few years in a row when the market is down is a pretty rare occurrence. I must admit that it happened for the first three years that I myself got into investing, right as the tech bubble burst in 2000 -- but, looking at historical records, it has not happened at any other time during my lifetime (71 years, and counting). It's only honest to set out an improbable downside ... even if it's only a once-in-a-lifetime thing.

I'm wondering though -- why did you suddenly start talking about the DJIA???

culcha
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