Stock market corrections are difficult, particularly after three years of double-digit returns. A historical perspective of market performance over the last 50+ years is helpful in these turbulent times. Here is a look back at the S&P Stock Market index since 1970.
Inflation reduces your purchasing power. Your wealth needs to grow at least at the rate of inflation to keep your purchasing power intact. Try this Inflation Calculator to see the damage done in such a short amount of time.