The Top 10 Stocks of the Last 10 Years
Buy-and-hold might not be dead but it sure doesn't work in a secular bear market. Anyone keeping tabs on his or her 401(k) knows all too well the deplorable returns generated by stocks over the past 10 years.
Take the S&P 500 ($INX), the most common broad benchmark for U.S. stock performance. If you invested $1,000 in the S&P 500 10 years ago, you would have only $850 today. And that's in nominal dollars, not factoring in inflation. Ouch.