3 ms·
Any evidence to back up the quote?
by justinmeiners 6y ago
Any evidence to back up the quote?
- dap 6y agoI don’t know the original context, but I take a quote like that to be a reminder that there’s cost to preparation and you could go overboard.
- refurb 6y agoScroll down to the table.[1] [1]https://www.fool.com/investing/2019/04/11/what-happens-when-you-miss-the-best-days-in-the-st.aspx https://www.fool.com/investing/2019/04/11/what-happens-when-... Basically, between 1998 and 2018, if you were out of the market during the best 10 days, you cut your return in half. And the more days out, the worse it gets. Of course, this is artificial in the sense that you'd be pulling out one day, then back in 2 days later and doing it again and again, but the point stands, you can miss a week in the market and it can have a huge impact on returns.