There are all sorts of interesting facts you can pull out of this, like how if you missed the top 10 best days in the market from 1999-2019, your return was cut in half. If you missed the top 20 best days, you actually lost money: https://www.fool.com/investing/2019/04/11/what-happens-when-...
Basically never mistake annualized return over a long period of time for your expected return in a given year (or day, etc). There will be some really really good years, and a few really really bad years. If something grows consistently with low variance over a long period of time, that's a red flag! It's likely to be a "picking up pennies in front of a steamroller" type trade.
Basically never mistake annualized return over a long period of time for your expected return in a given year (or day, etc). There will be some really really good years, and a few really really bad years. If something grows consistently with low variance over a long period of time, that's a red flag! It's likely to be a "picking up pennies in front of a steamroller" type trade.