This word is all my little brain could register when I pulled up my retirement account at Firstrade today.

I’ve been a licensed securities broker for almost 9 years now, and I NEVER saw this coming. 

Buy and Hold index fund investing is officially a TRAIN WRECK if you started in about the last 12 years or so.  I’M REALLY GLAD for all those variable annuities that I sold between 2003 and 2007…as most of them had GUARANTEES attached to them that may end up being EXTREMELY VALUABLE TO HAVE!

I HAVE NO ANSWER to my title question, and no one else does either.  As a student of history and economics, I know this type of market meltdown has happened before, but the variables are so different now.  And don’t turn on CNBC, because that will just give you a headache.  They will have “experts” on their shows back to back who will completely contradict each other.  Both, probably very smart people, are understanding our current economic realities in TOTALLY different ways.  BRIGHT SPOT THOUGH…MOST EVERYONE SEEMS TO BELIEVE IN THE LONG TERM SUCCESS OF CAPITALISM AND OF THE UNITED STATES!

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