It is all about how if you try and time the market you lose out.
OK, so I did some digging:
Best day 21October 1987 Up 7.9%
Another Good day 14 March 2003, up 6%
Looks great doesn't it?
Except... Here is the headline for 13 March 2003, the day before:
QUOTE
Investors were urged to sit tight as the FT-SE 100 closed at a new seven-and-a-half year low, wiping £39 billion off the value of leading shares.
So, if you agree about not timing the market, you would have been invested for longer than the 2 day period and seen your money halve in value from the top, in order to get that 6% rise.
If you had been invested in those 2 days, you were pretty much even for those 2 days.
21 October 1987:
19th October 1987 was Black Monday.
During October 1987 the market dropped overall by 27%, so investing in that period would have been a complete disaster.
These are the only 2 of the top 10 best days I could find with Google, but I wonder whether anyone lese knows which ones they were, or if there is an easy way to find them out.
I am not saying shares are a bad investment generally, because 2003 was the turning point for the FTSE
and during the recession of the 90s Shares did very well.
However, this 10 best days spin needs to be put into context in terms of the prevailing market conditions.