I was listening to a Meb Faber podcast recently. Faber referenced a study by Longboard Funds' Eric Crittenden that found 80% – eighty percent – of all stocks have returned 0.0% – zilch – since 1989.
That's a pretty explosive "allegation," if you will, so I immediately geeked out! I had to track down and read the study and run a few tests on the conclusions, to see for myself and for my readers.
The finding, which I confirmed independently, is shocking: The report, with its immense implications for investors, is correct.
Let me show you what I found. More importantly, let me show you how to avoid the sad, underwhelming fate of the folks who bought the 80% of stocks that are long-term duds…
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.