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Travis
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9 months ago
in Olbermann comments on Palin on This is going to be BIG!
Olbermann's an idiot. Has nothing to do with this commentary. He's just an idiot. Why anybody listens to anything he says is beyond me. He should have stuck with his ESPN job where he could get away with being an idiot and nobody noticing it.
1 reply
9 months ago
in Wow. on Alchemy Today
If you were stupid enough to only invest in a DOW index fund or ETF, then you're correct, you wouldn't have any capital gains to pay for the Bush period shown in the graph. However, smart investors diversify beyond just a single index and would likely have substantial capital gains over the same period of time... 5%, 10%, 20%, maybe more depending on your asset allocation. So please do your homework before you try to mislead the educated.
1 reply
alchemytoday
Travis: You could also have a loss of 9% if you invested in an S&P 500 index; which is generally recommended for a conservative, diversified mix of stocks.
I'm not saying that a smarter investor wouldn't be better off than zero, but even smart investors, on average, weren't able to beat inflation during Bush's term so far.
I'm not saying that a smarter investor wouldn't be better off than zero, but even smart investors, on average, weren't able to beat inflation during Bush's term so far.
convincing point you've made!