00:00Every 10 years, the stock market does something incredible.
00:03People make money for 10 years in the stock market, and for the next 10 years they lose
00:07money.
00:08And the next 10 years they make money, and the next 10 years they lose money.
00:12And this cycle keeps repeating itself over and over again.
00:15For example, between 1989, which was the year I was born, to 1999, the stock market returned
00:2116.7%.
00:23Between 2000 and 2011, the stock market didn't make money, it lost 0.13%.
00:30Imagine you invest $1,000, and then you check on it 10 years later to find out that now your
00:36$1,000 is worth $998.70.
00:40You would be so discouraged to realize that 10 years worth of progress amounted to nothing.
00:45What is this stock market thing they talk about, right?
00:48So a lot of people quit.
00:49But if you had held on between 2011 to 2021, you would have made 13.2%.
00:55So basically the stock market giveth and the stock market taketh away.
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