The one day that gets even the best of us. On that day, the game seems to change. Hour by hour, it’s relentless.
One-day returns:
October 16, 1987: down 20%
October 14, 2008: down 9%
March 13, 2020: down 12%
On these days, many of us watch in fear. Understandably so.
But others know that the game, no matter the chaos imposed by the day, never changes.
For these players, the day’s chaos is part of a much bigger game. One that spans decades.
And over decades, the outcome is nearly always the same.
10-year average annual returns after:
October 16, 1987: ~15%
October 14, 2008: ~11%
March 13, 2020: TBD
Behind the scenes on Time & Money: 5 Pillars of Successful Investing with Bob Carnegie, CFA, CEPA, CFP® Brandon Bol, MSF, CFP® Vernon Eberly, CFP®
Disclaimer: For information purposes only and should not be interpreted as legal, tax or financial advice. Always consult your CPA/tax advisor/attorney (or reach out to us;) to discuss your specific situation. Past performance is no guarantee of future results.