Uncertainty v. Consistency

Chart of the Week for September 27-October 4, 2002

Corporate scandals, economic concerns, and the possibility of war have all recently contributed to declining stock prices. And while each of these may be of legitimate concern to investors, they are nothing new to the market. Like now, the early 1970’s was a difficult time for investors. The country was at war and faced significant political and economic challenges. Yet regular $100 monthly investments in a balanced portfolio of 60% stocks and 40% bonds grew to about $304,000 from September, 1973 to August, 2002, despite the difficult environment and occasional fits of uncertainty along the way.

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