Read? What was I thinking and feeling in Mar 2009 Bear market low? (3)
Sir John Templeton's Growth Fund 4 Decades Performance
A sum of $10,000 invested in his Class A portfolio in 1954, when he set up the Templeton Growth Fund, would have grown to $2m by 1992, when he sold his stake. This represented CAGR of 14.5% over 38 years
In investment, from year to year, investors will inevitably experience significant volatility, even John Templeton had good years and bad years. He was one of finest stock pickers of all time; but as real investor he had his fair share of picking lousy stocks too.
His heavy investment in Polly Peck turned worthless and he also lost heavily in Cable & Wireless.
What was I thinking in 2009 ...
Looking at STI in 2008/09 as indicated in Pink line ...
In a rising stock market (late Bear/early Bull) ...
Read? A newbie in the Market since Jul 2008
Now, I realised that in a rising stock market, sometime the element of luck may play a bigger role, but; over long term in the market, investors will have to depend more than just luck to achieve long term average return.
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