09-02-2022, 11:45 AM
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Join Date: May 2007
Location: Red Deer
Posts: 1,531
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Quote:
Originally Posted by Fisherdan
From the book, The Intelligent Investor, recommended by bdub…
“If you had invested $12 000 in the S&P 500 stock index at the beginning of September 1929, 10 years later, you would have had only $7223.
But if you had started with $100 and simply invested another $100 every single month, then by August 1939, your money would have grown to $15 571.”
The power of dollar-cost averaging, even through the worst depression in modern history.
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Interesting. I wonder what the same scenario would be in a typical market ( Ie bull). Might flip.
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