I’ve posted Entry #90 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s titled The Returns Sequence That Happens to Pop Up Makes a Big Difference.
Juicy Excerpt: The returns sequence factor is a significant factor. You really do need to understand the concept to be an effective investor. It would be wrong of me to entirely ignore this factor. But the full truth here is that, while the dollar figures are huge, this is far from being the most important factor bearing on your long-term stock return. There are two reasons.