"There have been 39 double-digit stock market corrections on the S&P 500 since 1950. That’s one correction every two years, on average." https://t.co/Lqc99TLljZ
"...the 1,000 top-performing stocks, less than 4% of the total, accounted for all the wealth creation. The other 96% of stocks just matched the return of riskless one-month Treasury bills..."
"...While investors have enjoyed a large excess return from the equity risk premium, a large majority of stocks have suffered a lower return than the investor would get for a risk-free asset..."
"...That shows just how much uncompensated risk is accepted by investors who buy individual stocks (or a small number of them)—risks that could be diversified away without reducing expected returns...."
"Once, the tale goes, American workers relied upon a three-legged stool for their retirement income: 1) Social Security, 2) pensions, and 3) personal savings."
John Rekenthaler discusses how more investors can acquire the pension aspect of their retirement income: