Sam Parr: Missing Top 30 Market Days Reduces Portfolio by 83%
Sam Parr · The Market Is Crashing. Here’s What We’re Doing About It… · Aug 9, 2024 · at 7:45
Sam Parr cites historical stock market statistics to illustrate the risks of trying to time the market instead of holding index funds.
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“This chart breaks it down to if you missed the top gaining days of a market, what would your portfolio be like versus what would your portfolio be like if you just set it and forget it? And it was something like, what was this I think the starting number was 10,000 dollars, and so it was like, if you missed the 30 best days you would have only 30,000 dollars. If you missed the, which is roughly 83% less than if you just set it. So if you just set it and forget it, you would have a 181. If you missed the 30 best days, you would have 30 grand. And then if you missed the 10 best days, you would have 83 grand.”
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