Friday, November 14, 2008

Stocks For The Long Run, v. 3

Ouch! Clusterstock mentions that real returns following a market peak have been very different than after a bottom.Stocks For The Long Run, v. 3: "If you invested at the 1929 peak, it took 29 years for the value of your shares to recover in real terms; if you invested at the 1968 peak, it took 24 years.The takeaways are: 1) dividends have provided the lion's share of long-term stock market

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