Talk about a horrible investment. Look at the above monthly chart of the S&P500 index. Imagine you started to invest in the US stock market in 1999 and held your investments until now 10 years later: you would have earned nothing in terms of capital gains...
I put this chart for those who still believe in the buy-and-hold strategy and to outline a key part of my investing philosophy: knowing when to be involved in the market is just as important as knowing what to be in.
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