Buy, Hold, and Sell!. Moraif Ken

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      Depending on the need and duration of care, expenses can be enormous – up to $90,000 per year for dementia care in a skilled nursing facility (private room). And long-term care costs are rising. A recent MetLife Mature Market Institute survey found that long-term care provider costs rose far faster than the rate of inflation.

      Imagine having to spend an additional $7,500 per month on health care on top of your normal expenses. Then imagine that the market goes down at the same time. You could be in a very dangerous situation. You could run out of money very quickly. How likely is this scenario? Over half of us will require some sort of long-term care during our lives, whether we need support for a few weeks after a surgery or years of care due to a serious illness.

      Add to that the possibility of a bear market. I believe there is a 100 percent chance of a future bear market, but since I can't predict the future, we'll say there's a 90 percent chance. In the average bear market, the DOW goes down about 37 percent. In this (very likely) scenario, there's a 90 percent chance of a bear market with an average loss of 37 percent in your future. That's bad enough, but you may see more than one bear market. Over the past 100 years, we've had 33 bear markets. On average, that's one every three years.