Here is what I mean:
- 2001: Enron collapses; market falls -12.7%. Rebound needed is 14.6%
- 2002: WorldCom collapses; market falls -10.0%. Rebound needed is 11.1%
- 2003: Martha Stewart indicted; market falls -21.3%. Rebound needed is 27.1%
- 2008: Bernie Madoff arrested; market falls -35.6%. Rebound needed is 55.3%.
These figures are based on the market values of the S&P 500 index and these figures represent amount of recovery needed after a downturn in the market.
Do you want your retirement to be subject to market downturns that you have absolutely no control over? Neither do we. Give our office a call to learn how to avoid this from happening again - because you and I both know it will.
Matt Nelson, president and host of Income For Life Radio
877-284-8929 toll free
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