“Goldman Sachs and Franklin Templeton recently published separate studies that analyzed investment returns over the 20-year period from 1992-2011. The results were astounding — even for me, a 30-year market veteran. During this 20-year period, made up of 5,046 trading days, the market returned an average of 7.81 percent per year. However, if you missed the 10 best days during those two decades, your annual return dropped to 4.14 percent. If you missed the best 30 days, your average annual return actually turned negative — coming in at -0.39 percent. And if you missed the best 40 days, your returns fell even further to -2.31 percent.”
http://avidinvestorgroup.com/2013/05/miss-a-little-miss-a-lot/
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