11-14-2008, 07:03 PM
I have said it before. If your in this market for the long run, you lose.
The players are eating longs alive and have been for 10 years now. All the brokers have been lieing or misled.
Go look at the DOW, S&P and NASDAQ Composite for 10 years. This will put just before the internet bubble. Here are the results.
DOW -4.73%
S&P500 -22.42%
NASD -17.92%
Now go compare that to a 10k 2% CD.
10 year investment
DOW S&P500 NASD 2% savings account
Invested 10,000 10,000 10,000 10,000
Gain loss -4.73% -22.42% -17.92% 21.90%
==================================
Balance $9,527 $7,758 $8,208 $12,190
All I'm playing now is short term stuff.
The players are eating longs alive and have been for 10 years now. All the brokers have been lieing or misled.
Go look at the DOW, S&P and NASDAQ Composite for 10 years. This will put just before the internet bubble. Here are the results.
DOW -4.73%
S&P500 -22.42%
NASD -17.92%
Now go compare that to a 10k 2% CD.
10 year investment
DOW S&P500 NASD 2% savings account
Invested 10,000 10,000 10,000 10,000
Gain loss -4.73% -22.42% -17.92% 21.90%
==================================
Balance $9,527 $7,758 $8,208 $12,190
All I'm playing now is short term stuff.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi