While the author’s data analysis is correct, though based on only a small sample size (four samples is not statistically significant), the conclusion seems biased toward promoting equity investments in light of the current downturn.
An alternative conclusion: Long-term investment results measured at the end of a strong market (1958, 1999) are better than those measured at the end of a weak market (1979, 2008). This conclusion is reinforced by Figure 2, which reverses the sequence; the sequences ending with a bull market provide dramatically better returns.
Paul From Oregon
The ETF Guide is a very helpful feature for me. My taxable and non-taxable portfolios began with primarily mutual fund investments. Now both taxable and non-taxable investments have gone increasingly to ETFs, as I have been able to locate institutions whose fee structures eliminate transaction costs. When transactions costs are gone, investing in ETFs becomes more like investing in mutual funds. I approach investing in mutual funds and ETFs from a longer-term perspective. This is so whether it is my own non-retirement money investments, my IRA (almost exclusively Roth) investments, or my employee retirement investments. John C. Bogle is one of my heroes.
John From Nebraska
My favorite resource for ETF information is the ETF Trends ETF Analyzer at www.etftrends.com/etf-tools/etf-analyzer/.
Thomas From New York