For the Lifetime Investor: A Study in the Virtue of Patience by Jon Walker
by Joe · 14 things on Twos
- Read the full article (click here)
- The long-term return of the S&P 500 is 10%
- "But what if I had invested at exactly the wrong time?"
- The S&P 500 dropped 57% from 10/09/2007 - 03/09/2009
- and did not recover fully until 2013
- But even if you had invested on 10/09/2007, you would be up 10% today
- Uncle Jon bearish on Bitcoin (me too)
- A grownup is someone who is keenly aware he/she will work and accumulate capital for 30+ years - then live off that capital for another 30
- You must have patience for successful long-term investing
- Temperament > Intellect in investing
- Three cardinal virtues of the superior long-term investor
- If you'd kept compound investing monthly since 2007, you'd be up a lot more than 10%
- "If the only investment you'd ever made in the S&P 500 took place on the single most inauspicious day of the entire postwar period, it took only about six years (2013) for the Index to regain its peak on that day, and only about eight more years until you achieved the equity market's quite handsome long-term average return"
- *mic drop*