Of course, it wasn’t until 1954 that the Dow undid the damage that had been done in 1929.Not to be pedantic, but it took almost 3 years for the October Dow to bottom from its 1929 high. Come to think of it, I do hope my point is pedantic with no relation to the immediate future.
It's been too long since I read The Intelligent Investor, but iirc it states that an investor who began dollar-cost-averaging at the 1929 high would have compounded his money by an annual average of 8% by the time the market returned to the high.
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