Subject: Re: Sorry, very OT: What to do with funds
As I mentioned in another thread, there is a very interesting chart on page 36 of Bloomstran's annual letter, detailing the cost of holding "dry powder" cash, waiting for a better opportunity. Using typical numbers, if held three years, an 18%-25% drop in the stock market is needed to break even. At ten years it is up to 48-61%. I find the current times "interesting" and would be hesitant to dump it all in anything, but then my time horizon is unfortunately nothing like a 20-something's.

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