I’ve been investing for a long time. And, I’m somewhat of a student of finance and Modern Portfolio Theory. This unscientific exercise reminded me of an historical fact; over long periods of time stocks go up. In the aggregate, patience and time in the market is rewarded. I’m not sure if I would have been better off holding the original portfolio or not, but I’m pleased that our stock holdings have risen these past two years, in spite of the recent downturn.

If you pull out your money when the market drops, you lock in the “paper loss” and make it real. Compound the loss with declining to invest during a low price environment. Furthermore, you have another decision to make; when to get back in the market? That is the most difficult question of all.

The Friedberg Family Portfolio Today (For informational purposes only)  “Of course. I favor passive investing for most investors, because markets

Dan Goldie and Gordon Murray wrote a brief, yet comprehensive guide to investing which covers all the major investing decisions in only 66 pages. After being asked to review the book, I became interested in the background of the authors, both accomplished in their respective investing fields. Furthermore, Goldie, a retired professional tennis player, engaged in a sport that was close to my heart.