Mac1958
Diamond Member
If you retired in 2008/2009 and had just lost a lot in the market, it would have been your own fault for having too much of your nest egg in the market at that age.Indeed, especially if you retired in 2008/2009the purpose of the stock market is not, and never was, to help the poor. However, if you are a poor or middle income person with a 401K, the market is helping you be able to retire in relative comfort some day.
Between January 1 2007 and December 31 2008, the overall bond market (VBTLX) was UP 1.70%.
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