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Author: galeno Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 753347  
Subject: Re: Another Fine Mess Date: 4/13/2002 12:45 PM
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Then there are those of us who take a long-term view of the market and look at the last several years of performance and not just the last two (which haven't been the greatest years to be in the market).

My stock portfolio is still down 24% from its March 2000 high. But instead of focusing on that, I focus on my portfolio's CAGR (compound average growth rate) of slightly over 20% over the last 7 1/3 years and it's a different picture. If I focus on my 20 1/3 years CAGR of 17%, it's easy to take this little blip in the market in stride.

Staying in the market at all times; thru both bull and bear is 90% of the battle. If you buy and hold a broad index fund or a diversified portfolio of stocks WITH REAL EARNINGS and hold them thru thick and thin, you will get rich.

The emotional investor with a short-term trading mentality is destined to lose. The unemotional investor with a long-term perspective will always do well. As Warren Buffett says: "in the short-term, the stock market is a voting machine. In the long-term, it's a weighing machine."
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