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By the way, I would gues that buying and holding is how people at Wal Mart make millions:
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I will echo Aces sentiment... not in the last 5 years!
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Um, okay.
The S&P 500 has lost money over the last 5 years, does that mean the S&P 500 is a money-losing investment? By the way, Wal Wart has beat the S&P over the last 5 years:
It's amazing how people in the investing section of a poker website can have such a limited understanding of how long the long run is. You can't just go around extrapolating growth rates into perpetuity and convince informed people that they mean ANYTHING at all.
Furthermore, how I can show you a chart of Wal Mart returning more than 75,000% over the last 35 years, and you can counter with a shortsighted statistic about their performance over the last five, is something I will never understand (please do quote this out of context to insinuate that I think history is necessarily correlated to the future).