04-18-2020, 09:44 PM
(04-16-2020, 09:38 PM)TIKR Wrote: I know everyone knows this but I think a helpful reminder.
The average investor has underperformed the S&P 500 by ~460bps/year. DALBAR, which performs this annual study, attributes the underperformance to investors attempting to time the market and moving into and out of investments too frequently.
The best thing to do is to continue to buy and hold for the long-term, especially during market drawdowns such as the one we are currently experiencing.
Another favorite example of mine is the Magellan Fund. Peter Lynch generated 29% annualized returns during his tenure. Guess what the average investor made in his fund? The average investor lost money because they invested in and redeemed from his fund at exactly the wrong times!
Try to focus on the long-term prospects of the companies you are investing in.
Wishing you all the best out there!
Bobby
(04-18-2020, 07:12 PM)rayray Wrote: I sold bupkis : )
Did you sell it at the top?
