Sunday, October 18, 2009
RIP Buy-and-Hold - Part 2
The Dow Jones Industrial Index passed a psychological milestone this week as the Index broke above the 10,000 level for the first time in a year. The Dow first broke above 10,000 more than ten years ago in 1999 and has since done so on 26 occasions.
Yes, a ten-year buy-and-hold (buy-and-hope) index investor has had NO capital gain over the period!