#1,986 in Business & money books
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Reddit mentions of Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies, 4th Edition
Sentiment score: 2
Reddit mentions: 2
We found 2 Reddit mentions of Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies, 4th Edition. Here are the top ones.
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- Pack of eight, 3.3-ounces per unit (total of 26.4 ounces)
- A blend of red and russet potatoes with butter and natural flavors
- 80 calories per serving
- Good source of fibre
- Ships in Certified Frustration-Free Packaging
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| Height | 9.5 Inches |
| Length | 7.7 Inches |
| Number of items | 1 |
| Weight | 2.12525620568 Pounds |
| Width | 1.4 Inches |
I agree with the other skeptical comments on here. This strategy makes little sense, especially at your age. Taxes on dividends are significantly higher than taxes on capital gains (taxed at your regular income level versus a flat 15% tax for capital gains in stocks you've owned for over 1 year, if memory serves). In the 30-40 years you have left until retirement, your wealth will grow significantly more if you invest with an eye to maximizing returns to capital (capital gains), rather than focusing on maximizing yield (dividends).
It sounds to me as though your portfolio is not nearly as diversified as it should be to avoid unnecessary volatility and risk. You should consider investing in a broad-based index fund that focuses on capital appreciation stocks, rather than dividend stocks, particularly if these investments are not tax-sheltered. Minimizing taxes and beating inflation compromise the majority of the battle in successful long-term investing, and statistically speaking your current strategy will not be effective in accomplishing those two goals. You will also be eaten alive in trading fees. I would suggest checking out one of the following books on long-term "buy and hold" investing:
Most of that data is in this book. He finds that real returns (after inflation) averaged 7% over nearly seven decades ending in 1870, then 6.6% through 1925 and then 6.9% through 2004.
The Dow's where it was ten years ago because we've been in a recession. They happen, but the market always comes back stronger. 2008 was a stinker, but last year the Dow gained 19% and the Nasdaq 45%.