Uncle Toys , There is one fatal flaw with your views.
You said that you won't need your money for 20 years , The oldtimers that have listened to this advice 20 years ago are unable to retire right now. The real tragedy isn't what your portfolio might lose , But what your retiring fathers portfolio has lost. Now he can't retire and has to continue with his part time job and struggle with his mounting bills and arthritis for 5 more years. There are safer places to put your money , Real Estate is always looking good , among other safe houses. The market is a gamble with your retirement.The question is "What will the market look like when I want my money"
say you are holding GE or microsoft stock and all of a sudden Enorn goes under and drags the price of GE and Micro down with it . Even though GE and Micro were doing great and showing big profits. When you invest in one company it is like taking all the companys in the market. It would seem that it does not even matter what company is fixing the books , because they all pay for it. If you want my advice , ?? Real Estate , HUGE returns in a short time. Happy trading