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Investing in the Second Lost Decade: A Survival Guide for Keeping Your Profits Up When the Market Is Down by Tom J. Kopas, Joe D. Turner, Martin J. Pring

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INTRODUCTIONARE YOU PREPARED FOR ANOTHER LOST DECADE AHEAD?

Ahh, the good old days. Remember when investing was fun and easy in the 1990s as investors enjoyed the late stages of a raging bull market? From 1995 to 1999 the S&P 500 posted consecutive annual returns of 38 percent, 23 percent, 33 percent, 29 percent, and 21 percent, respectively. To put that into perspective, a $1 million investment on January 1, 1995, grew to nearly $3.5 million by the turn of the century, and those returns appear tame in comparison to the astronomical fortunes made in the technology-laden Nasdaq index (an 85 percent return in 1999 alone). Ten-, fifteen-, and twenty-year stock market returns sported hefty midteen average annual returns. Back then, investment decisions ...

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