Yesterday, Sketchers (SKX) took it on the chin. Ouch! Down 21%.
Full disclosure, I own SKX. But, I have owned it since 2003 and even with the drop, it has grown at a compounded 20% per year since purchasing it. This is why I am patient and a long-term holder of equities. It pays!
This article is a bird's eye view into interest rates and their potential positive and negative effects on your wealth. I have learned much over the years from Jonathan Clement's articles. You should too!
