marcus padley was brilliant on Insiders today
he said don't expect to make any money whatsoever from the stockmarket or property for the REST OF YOUR LIFE
he said that the last 33 years we have seen assets grow
From 1974 to 2007 we have seen the all ords go up by 11% a year
for 33 years prior to this we have seen zero growth in assets
He said the all ords went up 2.9% and inflation was at 4% so nobody made anything
He maintains that the rise was on the back of people speculating and borrowing to invest
Now that is all over
In the last 5 years the all ords has dropped 9.6% per year
His rational is that baby boomers have seen the perfect wave
there was period of 33 years where nothing happened, the wave grew for 33 years, it has now crashed ie down 9.6% per year for five years
It is very unlikely that we will see another wave for the next 33 years
If you are 50 odd now you probably won't see another wave in your life time
If you are 40 you might see the beginning of the next wave but drop dead mid wave or before
If you 20 to 30 you might benefit in some way I suppose but that will be in 33 years time.
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- don't expect to make any money for 30 odd year
don't expect to make any money for 30 odd year
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