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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who started this subject	12/22/2000 9:35:24 AM
From: Mike Buckley	Read Replies (3) of 54805

During these times that try men's and women's portfolios, there's an understandable tendency to think that trying to time the market to avoid the downdrafts could be a good thing. I often mention that over the past decades, benefitting from all of the S&P's profits would have been totally eliminated had an investor not been in the market on about 8% of those days. I wish I could find the study proving that written by a Pullitzer Prize winner. But I did just come across something that has been sitting on my hard disk for quite awhile from the Fool: "Had you put $1,000 in the S&P 500 at the end of 1981, your stake would have grown to $25,584 (including reinvested dividends) by the end of 1998. But if you had missed the 30 best days (defined as the days with the highest percentage gain) of those 4400 trading days, you would have ended up with $4,549, 82% less. Had you invested $1,000 in May 1970 and held for 14 years, you would have $3,000. But if you had missed the five best days, you would only have $2,000." Moral of the story: stay in the market all the time. --Mike Buckley

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