Wednesday, March 10, 2010
Buy and Fold
So, how's that buy-and-hold strategy working? Let's say you bought the NASDAQ when it stood at 5048.62, almost exactly ten years ago. Well, today it's at 2,340.68, down 54% -- or, inflation-adjusted, down an even worse 63%. So how long is the buy-and-hold strategy going to take to get back to even? Well, if you can earn a higher-than-average 6% per-year after inflation, it will take you around 17 years. That's 27 years under water.
A dark thought came into my mind. I imagined the hosts of career fairs plan eight hours worth of events for their participant companies. ...
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...