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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (46624)2/16/2012 12:15:14 PM
From: Paul Senior  Read Replies (1) of 78746
 
"Do you believe that holding them another 20 years would rectify low returns in the first 10 years?"

Yes, because dividends are reinvested into shares at those lower prices.

I agree with Spooner that it's a way to accumulate wealth over time.

I may have incorrectly stated Spooner's idea(s). I don't have any of his books in front of me right now to check. It seems to me he recommended having a lifetime stock and additionally holding other stocks too. Not just pick a single stock.
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