In my most recent blog I highlighted why, over the long term, it makes sense for most investors to not be completely void of U.S. equity exposure in their investment portfolios. I demonstrated that more than half of the available return in the S&P 500 index since 1979 was generated during the 50 “best” return days. Out of 9,200 trading days, more than half of the market’s overall return occurred in ½ of 1 percent of the trading days. With these odds, it is hard to justify being completely void of equity exposure at any time.
|