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Real Total return (inflation adjusted, dividends included) of SP500 has been negative in two decades. 1970s and 2000s.

The original claim is 10-20 years. That's a valid ballpark estimate. There can be lost decades, but when you get closer to 20 years, it has been all good.

ps. If you spread the entry into market into 5-10 years there has never been a decade of zero or negative returns (total, inflation adjusted).




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