Don’t overestimate the risks of stocks. According to Ibbotson Associates, Chicago, blue chip stocks have gained ground in 40 out of the last 50 years. The only double-digit losses occurred in 1957 (-11%), 1966 (-10%), 1973 (-15%), and 1974 (-27%). Since the 1973-74 collapse, largely caused by a surge in inflation, the market’s worst years have been 1977 (-7%) and 1990 (-3%). In each case, the market has rebounded sharply, reaching new heights. Unless you see some evidence that inflation is roaring back, the stock market is the place to have most of your money.