Legg Mason
We looked at market returns for the S&P 500 from December 1, 1999 through November 29, 2019. An investor who was fully invested would have seen an annualized total return of 6.21%. If that investor was out of the market on just the top 10 days of that 20 year period, he or she would have only earned an average of 2.32% a year. ................
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