The stock market swooned in late 2008 and early 2009. In the January/February 2009 issue of The Business Owner Journal, we urged you NOT to sell your public-equity investments. In fact, we argued that it was time to buy. On page 10, we wrote “13 Rock-Solid Reasons It’s Time to Buy, Not Sell, Public Equities.”
Today the S&P 500 is 15 percent above where it stood on February 1. We cannot know for sure where the U.S. public-equity market is headed, but we hope you heeded our advice in the earlier part of the year. And we still urge that, for money you don’t need for more than five years, leave at least part of it in public equities. At least today, we think the downside risk remains low compared to the upside potential.
