Talking to Your BabyBoomer about the Nikkei
Americans are told plenty of stupid lies about the stock and real estate market...lowering rates to zero, printing tons of money, easy credit, increase/decreased savings, increasing productivity, increased or decreased consumption, increasing education, buy and hold, blah, blah will sent the stock market higher.
Lucky the Japanesse have already tried most of this.
Take a look at the Nikkei after 20 years.
Babyboomers planning on a higher stock and real estate market to retire better have a plan B and better "keep it real" as to what the long term rate of return will be.
For the young, job skills, luck (create your own), hard work, starting your own business and savings will determine your future. Getting rich off a market that goes sideways is tough. We will run out of "greater fools" at some point and people will at some will stay outside of this game. Under high taxes and socialism the only way to get ahead is work for cash and have your own business.
Some classic Babyboomer Jim Cramer here