The Corey Story

With the stock market as risky as ever, I saw an interesting piece on CNN today. They showed ROI for 10K for the past decade. They showed the statistic in two different views: one was the value of 10K if you didn’t touch your money while the other was the value of 10K if you missed the 20 best days over the past 10 years. The difference? If you didn’t touch your money, you would have made $7000. If you shifted funds during down times and missed the 20 best days, you would have lost $3000 dollars. The moral of the story was to stay ship and not toy with your investments when the market isn’t performing well. Oftentimes people get discouraged and change around their portfolio, which usually causes you to miss out on the upswing of the market.

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This entry was posted on Saturday, March 22nd, 2008 at 5:29 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.