Source: http://www.humbledollar.com/2018/05/anything-but-average/
Between 1926 and 2016, just 4% of all stocks accounted for all of the net gains in the U.S. market. All other stocks, as a group, delivered returns that were no better than Treasury bills.
Over that same time period, more than half of all stocks would have delivered a negative return to a buy-and-hold shareholder. In fact, the single most common return was -100%—in other words, a complete loss.
Treasury bills have historically returned just 2% a year. And yet, for any given stock in any given month, the odds of beating Treasury bills were slightly worse than even: T-bills beat individual stocks 52% of the time.
Submitted May 05, 2018 at 03:03PM by John_Crichton https://ift.tt/2FOvtxU
