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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: GraceZ who wrote (161345)4/22/2002 11:11:54 AM
From: Mike M2  Read Replies (2) of 436258
 
Grace, market history shows that periods of outsized returns are followed by periods of poor returns. If I put 10,000 in the DJIA in 1929 by 1954 I still had $10,000 nominal dollars with deflated purchasing power. In 1966, if I put $10,000 in DJIA by 1982 I still had $10,000 with significantly less purchasing power. I think most of us can agree that a combination of good stock selection, market timing and luck can minimize the need to save for a small portion of the public. In the aggregate the public cannot beat the market because the public is the market. mike
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