The Wrong 73 Years

I’m often called a buy-and-hold investor. That’s true but I’m not in favor of locking in on an index and forgetting about it.

Here’s an interesting fact. Between September 20, 1929 and October 9, 2002, the Dow Utility average grew by 16% not including dividends. That’s 16% over 73 years. Ten years ago yesterday, the Utes reached the trough of an awful bear market.

I’m buy-and-hold but it depends a lot on what you buy and what you hold.

Posted by on October 10th, 2012 at 11:13 am


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