Good things come to those who wait

I don't believe the stock market is a place for impatience. Tolerating shorter-term trauma is an int...

I don't believe the stock market is a place for impatience. Tolerating shorter-term trauma is an integral part of investing in the stock market – it's called risk. Since 1920 there have been 31 years when the stock market has fallen. Also, around a quarter of all three- and five-year holding periods have experienced losses. Recent experience should reinforce the requirement for patience: an investment in the stock market starting in 1997, 1998, 1999 or 2000 would have suffered capital loss if cashed in five years later. In my experience, the best way of getting long-term capital reward ...