These are my Delicious<\/a> links for October 17th through October 22nd:<\/p>\n “It’s hard to say whether [the] advantages [of a recession] like lack of competition outweigh disadvantages like reluctant investors. But it doesn’t matter much either way. It’s the people that matter. And for a given set of people working on a given technology, the time to act is always now.”<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":" These are my Delicious links for October 17th through October 22nd: Domainr – Handy tool for coming up with Domain Names using non-standard TLDs. Powell Endorses Obama – The Caucus Blog – NYTimes.com – A recap of Colin Powell’s endorsement of Barack Obama on Meet the Press, including video. More on the Soldier Kareem R. … Continue reading “Delicious Bookmarks for October 17th through October 22nd”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[140],"tags":[142,144,143],"class_list":["post-162","post","type-post","status-publish","format-standard","hentry","category-link_blog","tag-delicious","tag-linkblog","tag-links"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/posts\/162"}],"collection":[{"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/comments?post=162"}],"version-history":[{"count":8,"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/posts\/162\/revisions"}],"predecessor-version":[{"id":193,"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/posts\/162\/revisions\/193"}],"wp:attachment":[{"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/media?parent=162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/categories?post=162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jstrauss.me\/blog\/wp-json\/wp\/v2\/tags?post=162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\nperformance. Professor Seyhun studied stock market returns and risk for all months from 1926 through 2004, and for all trading days from 1963 through 2004. His findings highlight the challenge of market timing, since a small number of months or days accounted for a large percentage of market gains and losses. For example:
\n\u2022 For the 1963-2004 timeframe, the index gained at a geometric average annual rate of 10.84%, for a cumulative return on $1.00 of $73.99 over 42 years. If the best 90 trading days, or 0.85% of the 10,573 trading days, are set aside, the annualized return tumbles to 3.20% and the cumulative gain falls to $2.70.
\n\u2022 In the 1963-2004 span, missing the best 0.6% of the days (a total of 60 days in all) created an exposure to 95% of the risk of continuous stock market investing. In this situation, the average annual return would have been 19% less than that of Treasury Bills.<\/li>\n