viernes, 30 de julio de 2010

Days in Wall Street

If you take the daily returns of the Dow from 1900 to 2008 and you subtract the 10 best days, you end up with about 60 percent less money than if you had stayed invested the entire time. I know that story has been told by the buy-and-hold crowd for years, but what you don’t hear very often is what happens if you were to miss the worst 10 days. Keep in mind that we are talking about 10 days out of 29,694. If you remove the worst 10 days from history, you would have ended up with three times more money.

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