Long-term investors may have to wait a longtime for the next market peak

We talk to many investors that are confident they can stick with their portfolio as the

current bear market evolves. It is great to be optimistic, but investors must understand

that waiting for new market highs can take a long time.

There are many studies that measure the duration and size of bull and bear markets.

However, not many analysts want to measure the distance between market peaks because

it can be very discouraging.

Let's say you invested at the very peak of an equity bull market. How long would it take for

the market to return to that peak and go higher?

This is not a trivial question. Most adults today only recall the 1980-2020 experience of

falling inflation and low interest rates. In other periods of US market history, the time to

make new market highs has exceeded 15 years.

Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.

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