Think of yourself as an apple salesman in retirement. If you accumulate apples at a low price during you're working years, at retirement, you will have a great inventory to sell from. Just keep on accumulating those apples. Baldwin finds further strength in a changing attitude toward investing in the stock market and individuals taking care of themselves, rather than looking toward government support in their retirement years, like Social Security. Those changing attitudes mean more and more people are turning to the stock market, adding to the market's long-term stability.
Inflation is a major problem.
The market for common stocks is increasing and will increase more. There's a new prudence in investing in common stocks through thick and thin. People are saying to themselves, ' I know I have to take care of myself. Finally, Baldwin reminds investors that there always has been, and always will be, some panic when the market takes a significant dip or rise. Long-term investors need to keep their focus and keep on going.