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How Long Is Long Term?

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Morningstar reminds us: it's a lot longer than 10 years. "It's understandable why most people don't peer decades into the future. For a 22-year-old just graduating college, even turning 30 seems eons away. For new parents, the main challenge consists simply of getting the baby to stop wailing. And for others, the idea of a 30- or 40-year time horizon is more likely to conjure up thoughts of aching joints than of happy investment returns."
SOURCE:   Morningstar