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To: Kenton
I used to get freaked out by a bad day on the stock market, but now I just try to shrug it off. The good days almost always outweigh the bad days if you're patient.

Right you are. If you do a running average for any tan year period since 1900, the rate of return for the DOW is in the 10% to 12% range. The extreme fluctuations during any given day may be +/- 40% or more. It's enough to give anyone the vapors!

The best advise is do not try to time the market 'cuz you will inevitably end up buying high and selling low. Also, do not put all your eggs in one basket, you'll want to diversify. I do not have enough to consider investing in individual stocks, I pick conservatively managed mutual funds and let the managers do the picking. Sticking with no load funds keeps your costs down.

Regards,
GtG

73 posted on 11/28/2006 1:02:52 PM PST by Gandalf_The_Gray (I live in my own little world, I like it 'cuz they know me here.)
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To: Gandalf_The_Gray

?? It took the DOW twenty-five (25) years just to break even after the '29 crash. I'm sure we agree on far more than we disagree, but not too sure about the "any ten year period" thing..


106 posted on 11/28/2006 4:00:40 PM PST by Freedom4US (u)
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