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We conclude from the last three sections that:

1. Investing in a bull market can generate extraordinary returns. Even without any selection, simply investing early in the indices that are within a bull market will grow one's money by several fold. Careful selection of equities and the best performing commodities will lead to legendary returns that are beyond the imaginations of many.


2. A secular bull market typically lasts longer than 10 years. Most bull markets last between 15-20 years. If the current bull market in the resource sector is no exception, which we fully believe, it will last at least another 5 years and most likely another 10+ years as this one is only about 5-7 years old.


3. Investment returns from the first half of most secular bull markets are only a fraction of the returns experienced during the second half of the bull markets. This, together with point #2 above, suggests that the bulk of the gains from the current resource bull market has yet to come.


4. Although the overall trend for all secular bull markets is up, no two bull markets look exactly alike in their ascendance to the peak. Corrections are unpredictable and sharp. It is difficult, if not impossible, to time bottoms and tops of each leg of advances/declines in the entire bull market. Therefore, the surest and best strategy for most investors in a secular bull market is to buy the dips and hold most positions until the bull market runs its course.


5. The current bull market in the resource sector has most likely run only 1/3 of its course. Compared with the last three resource bull markets and the last three general equity bull markets since 1900, the current resource bull market has appreciated more than any other bull market in the first 1/3 of its course.

   Fundamentally, the current resource bull market has stronger driving forces than the other bull markets in the past. Therefore, we predict that the current resource bull market will be the most spectacular bull market of all. It's still early in the game. Prudently invest your money now and you can make life-changing returns over the next 5-10 years.

 
       




 
 
 

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