Low Odds, High Odds
I had the honor to speak at Georgetown recently to a class of finance students. You can watch the highlights in this video . . .
A key point of my presentation is that stock price returns are basically a crap shoot. I warn students against the myth that stocks go up 8-10% per year. The odds of that happening are actually quite low in any given year. No one should base their financial plan on that assumption (hope, actually).
There are ways, however, that students can tilt the odds of success in their favor by focusing on things that actually matter.
This video might be helpful to share with children or grandchildren - or anyone - interested in learning more about investing.
The Fielder team is thankful for all the smart and thoughtful people in our lives. Thank you for being one of those!
Happy Thanksgiving!
Frank Byrd, CFA
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