THE NEW HOLISTIC RETIREMENT • 19 Again, the government went to work. C ongress passed stimulus packages, bank bailout s, and other forms of new sp ending. The Fed low ered interest rat es once again—this time to historic lows. 12 From 2009 to 2019, the market saw an amazing bull run, arantdesowurergeokveeprnt mloewnt(mwoorrekeodn ttohiskeep it that way. Interest in the ne xt chapter) , and our economy began to grow. So, as we entered 2020, most sa vers felt lik e t hings w ere look ing prett y good. But we re th ey? Winners and Losers If we look at the last twenty years, it’s clear the market has bee n a rollercoaster ride: plenty of click-click-click rides up the h i ll and ple nty o f s cream- inducing dow nfall s, as w ell . As most financial professionals will tell you, you generally come out on top if you ride the stock market rollercoaster. Put anot her w ay: So far t his cent ury, if you didn’t get sa cnadr ebdu ay n wd hs ee lnl wt hhee nmt ha rekme ta rwk ae st wh ai gs hd, oi wf yn o, iuf yj uo us t dsi dt any’ te pd a tnhi ec course, you should be on top by now . Right? We ll, not q uite . The market may have recovered, but it doesn’t necessarily mean retirement accounts are flourishing. 12 Luka Nikolic. Foundati on for Economic Education. August 10, 2019. “A Tale of Two Bubbles: How the Fe d Crashe d the Tech an d the Housing Markets.” hanttdp-st:h/e/-fheoeu.osrign/ga-rmtiacrlekse/tsa/-tale-of-two-bubbles-how-the-fed-crashed-the-tech-
Made with FlippingBook interactive PDF creator