MKC, try posing your question to William Magner, I know he has the statistics, if you had bought at the top in 1929, I don't think you would have recovered until the 1940's, I don't know if that is adjusted for inflation, etc. I think there was another period in the 1960s where it took decades to recover.
I know you are saying, invest regularly, every month or whatever, and that is statistically a good thing to do, except that it is never a good idea to buy at the top of a bubble. As Mike so colorfully puts it, your money will die a quick death. |
