Yes, during the 90s bull market and even coming out of it in the early 2000s, respectable firms like Vanguard used to say long term = 10 years. But right after financial crisis of 2008, they promptly changed long term = 15 years. Now when you talk to them, they will tell you long term = “very long time”....
Sliding scale, eh?
Yep! 😉
#mortalproblems