UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: galeno Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 847434  
Subject: Re: Another Fine Mess Date: 4/13/2002 12:45 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 11
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."
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.