Jim Picerno over at Capital Spectator musters up a fascinating chart:
"What jumps out at us is the performance dispersion, which is to say
the robust variety of returns–ranging from more than 20% a year for
REITs down to just over 1% a year for the S&P 500, a.k.a. large cap
domestic stocks. The point being that there’s been no shortage of
opportunity and pitfall in the global capital markets in the last five
years. There never is. The winners and losers keep changing, but you
can always count on a broad assortment of returns over time for the
major asset classes. The not-so-subtle implication: asset allocation
still matters, and more than a little.
The mother of all strategic issues in money management all too often
becomes subsumed in the chase for the next hot stock. But anyone
interested in investment success as a durable notion beyond the end of
the month should ignore the widespread obsession with short-term
Remind me again about stocks for the long run . . . ?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.