Should you invest in cryptocurrencies? As with all investments, it depends on many factors. At the Morningstar Investment Conference on Thursday, Matthew Hougan of Bitwise, Tyrone Ross, Jr. of Onramp Invest and Annemarie Tierney of Liquid Advisors joined Morningstar's Ben Johnson to talk about portfolio allocations to cryptocurrencies. Q2 2021 hedge fund letters, conferences and Read More
- During the 10-year time period studied, if you invested in the S&P 500 with a buy-and-hold strategy you would have gained a 58% return over the whole period
- If you missed the 10 best days, your 100 would have become only 114 instead of 158, a 28% lower terminal wealth
- If you missed the 10 worst days, your return would have ballooned to 226 instead of 158, which would be 43% higher gain than buy-and-hold
- If you can perfectly time the market on best or worst days, well, great – do it!
- Unfortunately, that’s a darn hard thing to do. For the average investor, it makes sense to stay invested
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