RE: Heathrow back at number 1 as airport regains status as Europe’s busiest hub11 Oct 2022 15:53
Something to consider (from CNBC):
Hypothetical growth of $1,000 invested in the S&P 500 in 1970
(through August 2019):
Total return $138,908
Minus the best performing day $124,491
Minus the best 5 days $90,171
Minus the best 15 days $52,246
Minus the best 25 days $32,763
Source: Dimensional Funds
These are startling numbers. Not being in the market on the 5 best days since 1970 reduces your return from $138,908 to $90,171.
The takeaway: If you’re not in the market on the most important up days, your returns are markedly lower. But nobody knows when those days will occur.