Like crossing the equator on a ship — should buy and hold investors get some kind of recognition (or have some celebration) for crossing the line? The S&P 500 crossed 1100 in 1998 (twice), 2001 (3X!), 2002, 2004 and 2008. Look, when I drive around the same block twice, even I ask for directions! Oh, [...]
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Live in Michigan?
Investment Advisor in Bloomfield Hills, MI Cyrus Kashef
Jump Back into Stocks Immediately?
October 18, 2008Take a walk with me down Memory Lane: 1973: S&P down over 17% (ouch) 1974: S&P down over 29%. (ouch again) The bottom for the S&P was reached in October 1974. And the bottom was reached — yet again — in December 1974. There was no advantage to jumping 100% back in, immediately. October 19, [...]