, Columnist
What If Stocks Don't Always Go Up? Advice for Millennials
The U.S. stock market could be headed for a lost decade. Here’s what to do.
No promises.
Photographer: Robert Nickelsberg/Getty Images North AmericaThis article is for subscribers only.
When the history of the modern financial era is written, there’s one comment that’s almost certain to merit inclusion: “Stocks only go up!”
Sports-blogger turned day-trader Dave Portnoy’s pithy observation this summer was designed to both amuse and provoke. But if you’ve put money into U.S. stocks since the market bottomed out in 2009, the chances are you think Portnoy is basically correct. Plenty of professional asset managers would concur.