I'm reviewing passages I highlighted on my kindle for all the books I read in 2018 and I came across this quote.
If you bought a market portfolio of diversified stocks and reinvested the dividends, your odds of losing money in any one particular year were 32 percent. Your odds of losing money over any 5-year period dropped to 13 percent, and for any 10-year period the odds of losing money fell to only 2 percent. There has never been a 15-year period when stocks lost money.
The Bogleheads' Guide to Investing (Taylor Larimore; Mel Lindauer)
- Your Highlight on page 185 | Location 5100-5102 | Added on Sunday, July 29, 2018 8:20:33 PM
Just wondering if anyone is aware of an academic or professional study I can read to get a better understanding of how accurate this statement is. It sounds incredible to me.
Submitted January 12, 2019 at 02:43PM by nealosis http://bit.ly/2M5sWUV
