don't expect to make any money for 30 odd year

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.