Over the weekend, NBC's "Saturday Night Live" addressed Democratic presidential candidate Hillary Clinton's campaign slowdown – or, "losing streak" – and her recent fumbles when attempting to relate to Manhattanites.
"Hello America. It's true, I have not been winning as of late. In fact, I have not won a state in almost three weeks. Because that was the plan. I didn't want to win those, and so I didn't," Kate McKinnon, who plays the former U.S. Sen. from New York, says on the April 9 show. "It doesn't bother me one bit. I'm not rattled."
"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497." — Warren Buffett (this represents an increase of 17,320 percent)
Great investors build wealth over the long haul. As one illustration, over the period from 1926 through 2015, the annualized total return for large-cap stocks was approximately 10 percent, which produced remarkable growth when compounded. The total return for the S&P 500 (with dividends reinvested) applied to $10,000 beginning in 1970, results in more than $400,000 at the end of 2005 and $800,000 at the end of 2015. While, of course, future stock performance may not match these past results and investors always face the possibility of loss, a 19-year-old who had put away $10,000 on the last day of 1969 and earned the S&P return over the period of 1970 through 2015 would have more than $800,000 at age 65 with no additional investment after 1969. Why, then, do so many investors fail to take advantage of this potential?
