I have previously said that if you purchase a large-cap stock with a history of raising dividends, and then hold on for five years, the odds of you suffering significant harm is quite limited. It is my contention that most investors get into trouble because they consider two to three years to be super long term—it feels like it to them–when really it is not a long enough time for business results to accumulate and tilt the odds in your favor against the vagaries of Mr. Market.
From time to time, I like to revisit investments that meet some of my criteria and don’t work out as initially hoped. It is the only clear way to fairly evaluate a strategy. If I am going to trumpet the success stories, then it is important to include the downside of an investment plan otherwise my partial disclosures would really be a disservice to the people that are trying to make up their minds regarding what to do with the surplus they accumulate from their labor.