I started investing about 12 years ago. I was always told (and read in numerous books) that if you invest in the stock market, you will get a decent return on your money. I learned all types of good strategies (i.e. – buy and hold, tech analysis, charts, etc…all from the market gurus including Benjamin Graham, Martin Zweig, David Dreman, not bs salespeople), used a lot of them shrewdly, but after a dozen years, I don’t see the results I expected (10-12% annual return). I don’t know is it because the last 12 years were just not good years, or if the stock market has lost it’s steam and not worth investing any more. Sometimes the market will go up for a good run, and then all of a sudden a huge drop will wipe out the gains. I understand that markets go up and down, but the general direction it should be going is up. But, it seems like it’s moving sideways more than anything else. So, should I just give it up and move on?
*Just to let you know, I sacrificed a lot (i.e. – vacations, good times with friends, significant partners, etc.) to build up my brokerage account only to see lower than expected returns.