I’ve posted Entry #56 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called Every Stock Investor Experiences One 20-Year Period of Poor Returns.
Juicy Excerpt: It is possible for non-timers to do just fine with their investments for five years or ten years or even fifteen years. That happens often. In fact, if you check the historical record, you will see that it is the norm.
The trouble is — Most of us are investing to finance our old-age retirements. To finance a comfortable middle-class retirement, you need to accumulate $1 million in capital or more. Unless you are a Cy Young Award winner, you are not going to be able to pull that off in five years or ten years or fifteen years. It’s going to take longer. That’s why non-timing stock investment strategies always fail.