$1K invested in S&P 500 in 1970 is now worth $139K (139 times multiple).
However if you would have missed the 25 best days in the market over this time period of 49 years your return would be $33k only (33 times multiple).
It is hard to predict what events occur in future and how market reacts to them. So best approach is to buy forever companies with strong moat and good management and conservative balance sheets and stay invested in them.
No comments:
Post a Comment