First, the good news: $1,000 invested in the S&P 500 on the first trading day of 1945 would now be worth over $1,000,000. The bad news? As an investor, you would have had to endure thirteen bear markets, or about...

“A nickel ain’t worth a dime anymore.” – Yogi Berra

The famously quotable Yankee, whether intended or not at the time, aptly described the impact of inflation on the value of our money. In recent times when...