Reading this month's issue of Money Sense I came across a startling stat - makes me wonder if it is really true. Here it is verbatim.
$6,647 - what $1,000 invested in the S&P 500 on Jan 1, 1990 was worth at the end of 1999, including dividends.
$662- what $1,000 invested in the S&P 500 on Jan 1, 2000 was worth at the end of 2009, including dividends.
Tells you that a ten year holding period is really not enough time for your investment to pay off. It might, but it may not.
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