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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (46624)	2/16/2012 12:15:14 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78751

"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.

To: Jurgis Bekepuris who wrote (46624)	2/16/2012 3:36:29 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78751

Jurgis Bekepuris, I wonder if your view and opinion on a lifetime stock will change after you've gotten 25-30 years of investing experience under your belt. Mine did. Especially as I occasionally come across folks who're not much interested in stocks/"the market" but who've bought one or two stocks and just kept them and maybe reinvested the dividends. With the result it's made a significant difference (hundreds of thousands of dollars) to their retirement. And I say to myself, gee I was there at that time 30 years ago, I was in the market, and I could have done that too. Of course as stated, survivor bias and my anchoring or regret all play a part.