Quote:
Originally Posted by GregWeld
Investing is like that -- it's not a straight line up -- it's a two steps up - one step back - one step up three steps back but that's why I always ask you guys to go back - when in doubt - and look at the charts (3 and 5 years) and see what that tells you....
The average is about 11% a YEAR.... so to go up 10% in a month means you're going to get clubbed somewhere along the line. Trust me - it's REAL REAL hard to beat those "averages". There are pros on Wall Street that get paid millions per year to try to do that and most don't!
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Last year was a true test of staying the course...400 and 500 point swings..
several days of drops... but in the end, where are we ? Up and dividends got paid..
I think it again is TIME and the gains over time because you picked the better or best...
i certainly don't pick the asset with the worst 3 or 5 year average...And by picking the one with the better average, even when you take big hits, you still come out on top..In fact, buy more when things have a correction.
7 to 10% is a lot ,once you have enough working for you.