Subject: Re: Nikkei Hits Record High!
The Nikkei 225 is back at levels not reached since 1989.

This is yet another example of taking a cherry-picked start date to scare people out of buying stocks. How many people do you know who made a one-time lump-sum investment in the Nikkei at the peak, and never invested again? I know zero people who did that.

Far more realistic is the Japanese worker who saved $10K every year from his paycheck, and dollar-cost averaged every month into the Nikkei (buying $833 of the index every month.) Here's how that investor did.

Nikkei Total Returns: Portfolio Value at Year End
                    1989    1999       2009        2019       2021
Buy $833 every              (10 yrs)   (20 yrs)   (30 yrs)    
month               $833    $99,827    $158,429   $617,545    $802,280