7
November
2011
October turned out to be one of the best months for equity investment in recent years. In fact October was the 26th best month in the entire history of the S&P 500 since 1926.
Investors who got scared out to the Stock market in the summer on the basis of “recency bias” that is to say remembering 2008 and fearing the worst, failed to benefit from the substantial rebound in October.
The take home message for investors being to ignore the “noise” and the media who create an environment of fear in even the most stoic investor, and maintain a disciplined long-term perspective.
To review the latest figures, please click on the link
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