10 Year Projection

Below are some of the more alarming predictions you may be hearing from pundits or in the media:

WAR – yes, the war will continue, and defense resources will continue to be provided.

RESIGN – a president of the United States will resign.

UNEMPLOYMENT – during this time unemployment will double.

TAXES – taxation will triple.

INFLATION – we will see inflation increase 4 times.

OIL – a barrel of oil will increase 1000%.

FLAT – the Dow Jones will be flat for 10 years.

All of these are very dire predictions. Bleak, bleak, bleak!

These are all actually true for the 10-year period of 1972-1982.

Yes, let’s review.

WAR – Vietnam.

RESIGN – President Nixon resigns.

UNEMPLOYMENT – Rose from 4.9% in 1972 to 10% in 1982.

TAXES – 3x, highest bracket 70%.

INFLATION – Rose from 3.4% in 1972 to 13.3% in 1979.

OIL – Rose from $3.60 per barrel in 1972 to $37.42 per barrel in 1980.

FLAT – Dow Jones started at 1003 and ended at 1004 (almost flat).

And yet, $1,000,000 invested in the S&P 500 became $2,000,000 in 1982 per Intrinsic Investing.

I was in my beginning years in 1972 and made it through those 10 years. Now, here I am today, and issues seem worse. Yet, are they?

Mark Twain wrote… “History doesn’t repeat itself, but it often rhymes.”

Feel free to call me at 817-717-3812 or email me celhoff@virtuswealth.com if you have any questions or would like to discuss this further.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. All performance referenced is historical and is no guarantee of future results. Stock investing includes risks, including fluctuating prices and loss of principal.

The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries and widely held by individuals and institutional investors.