 Quote:
Originally Posted by Gotadimple
Malkiel cites a study done by Charles Ellis that shows that between 1982 and 2000, if an investor missed the best 30 days of the market the return on an investment in the S&P500 would be 11.2% rather than 18%. Meaning that you can't tell when the best days of the market will be so trying to time the bottom often doesn't get the desired result.
--Rita
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That's the one.
It seems that the moral to the story lump sum investment then.
Because you want to be 'in' on the best days.
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