Longer Time Horizons May Lower Your Chances of Loss

OPPENHEIMERFUNDS PULSE OF THE MARKET
Longer Time Horizons May Lower Your Chances of Loss
Annual Rolling Period Results for S&P 500 Index1 (1926–2010)
Number of Periods
Number of Periods
with a Loss
1 year
85
24
3 years
83
15
5 years
81
11
10 years
76
3
25 years
61
0
Holding Period
1. Source of chart data: Ned Davis Research, 12/31/10. Based on calendar year-end results for all investment periods beginning and ending within January 1926 and December 31, 2010. The S&P 500 Index is a broad-based
measure of domestic stock market performance that includes the reinvestment of dividends. The index is unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only
and does not predict or depict the performance of any investment.
Past performance does not guarantee future results. Due to ongoing market volatility, current performance may be more or less than the results shown in this presentation. The performance information does not
show the effects of income taxes on an individual’s investment. Taxes may reduce your actual investment returns or any gains you may realize if you sell your investment. An investor’s shares, when redeemed, may be
worth more or less than the original cost.
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OPPENHEIMERFUNDS PULSE OF THE MARKET
Historically, the longer your holding period for stocks, the lower your
chances have been of experiencing loss.
Looking at one-year rolling periods over 85 years, you would have experienced 24 periods of loss
Over a 10-year horizon, historically that would have dropped to three periods of loss, and over
a 25-year horizon, historically that would have dropped to no periods of loss
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Distributor, Inc.
Investing in stocks has historically involved a relatively high amount of risk compared to fixed
income or money market investments. Even over a relatively long time horizon, stocks may
lose money
Note: The three (out of 76) 10-year holding periods in which stocks experienced a loss were the
10-year periods ended 12/31/38, 12/31/08 and 12/31/09
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IC0000.262.0211M February 15, 2011
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