Daily Charts - Stocks go up in the long-run
@Callum_Thomas：
1.Stocks go up in the long-run, you've seen the chart with the near-straight up to the right sloping line... BUT: there are cycles and entry-point matters a lot. This chart shows how even longer-term returns (10yr annualized real total returns) can swing wildly from very good to pretty bad $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Image 2.Absolute Valuations help determine future absolute returns... AND Relative Valuations help determine future *relative* returns: Image 3.Best Stocks of all-time? =those who stuck around long-enough most companies were 70-90yrs+ old >> big win for "time in the market" (obviously some survivorship/selection stuff going on here, but interesting nonetheless) From the paper "Which U.S. Stocks Generated the Highest Long-Term Returns?" Image
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