Investment Wisdom At A Poignant Moment In History
The nine-year-old bull market exploded in the last 35 months from 1810 to 2901.
After the run-up of more than 40%, the narrative popular in the press is that the S&P 500 is ripe for a fall and the nine year bull market is coming to an end.
Here are the facts.
Since January 1957, the compound annual growth rate of owning a share in America’s largest 500 publicly-traded stocks was 6.9%.
Stocks nearly doubled in value every decade in the last six decades.
Of course, prices didn’t climb 6.9% annually in the steady slope shown here; stocks went down one year and up the next.
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