Welcome to the new model of retirement. No retirement. In 1983 sixty two percent (62%) of American workers had some kind of defined-benefit plan. Today less than 20% have access to a plan. The majority of retired Americans largely rely on Social Security as their de facto retirement plan [and the 35 and younger cohort are not able to save, or save enough, to eventually retire. True retirement is now a thing of the past except for a privileged few. Let me support this claim.] Words: 1091
Read More »A P/E Ratio of ’15’ May Be A Real Bargain Now – Here’s Why (+2K Views)
The stock market used to be a playground for the elite and the well-informed but it is now overrun by relatively ignorant retail investors. In light of this, and other dramatic shifts in market conditions, a P/E ratio of '15' may now be a real bargain if '20' is now the new fair market value.
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