Filed under: Analyst reports, Consumer experience, Internet, Blogs, 25 Stocks for Next 25 Years, DJIA
I have had the privilege of being an investment adviser/ analyst for the past 28 years and even have the gray hairs to prove it!! What has been so consistent in these past 28 years is the, well, –inconsistency of the markets. When you look back and reflect, a sometime scary experience, the one inevitable conclusion is the stock market is and has been the best place for long-term savings.
When I started in 1979, the Dow was in the mid 600’s and now sits at 13,113– a full 20 fold increase over these past 28 years. When you reflect on this simple fact, it is pretty impressive. I cannot think of any other asset class that has performed so well over that time period. Many of us, in spite of the real estate slow down still have huge gains in our homes, but I cannot think of anyone I know that has 20 folded their home value.
The “real” bull market began on August 17, 1982 when the Dow went up 38 points on that fateful day. 38 points in 1982 when the Dow was in the 700’s is equivalent to a 600-700 point up movement in today’s markets. It was incredible and it began to re-focus the American investor in the United States equity markets once again. A big volume day was still under 100 million shares traded. Things have changed.
Continue reading Top 25 Stocks for the NEXT 25 Years: Thoughts for You
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