Originally Posted by ferco
I read in a book recently by Bogle (The Little Book of Common Sense Investing Page 32) that someone who invested $15,000 in the S&P 500 Index in 1976 would have had $461,777 in 2006 (assuming all dividends/distributions were reinvested over that 30 yr period). Any validity to this statement. If so, why is there such angst by some pundits against investing in the 500 index particularly if in a low cost company like Vanguard or Fidelity.
Tooo - lazy to run the numbers but I put in roughly 73k 1976 to 1992 in dribs and drabs - ? 830k around 2006 - unfortunately did a few asset mix changes and took some money out(not much cause I'm cheap after 2002).
The short term angst - we have a tendency to er 'haaarumph! Recency!'
Paint drying and grass growing over long periods of time does not pass the -publish or perish, sky is falling, I want your attention requirement.
Successful investing is so stone simple nobody would believe you if you told them.
Ya gotta make it complicated like Pssst - Wellesley to even get their attention.
heh heh heh - besides what would we B.S. about then.