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So a $100 investment in an S&P 500 equivalent (not yet an established index) on January 1st 1928 would be worth $382,850 by January 1st 2019? That's over a 250x
by jakeinspace 7y ago
So a $100 investment in an S&P 500 equivalent (not yet an established index) on January 1st 1928 would be worth $382,850 by January 1st 2019? That's over a 250x return after adjusting for inflation, pretty neat.
- mattrp 7y agoWell of course... no one cares about inflated stocks it seems.
- hwbehrens 7y agoFor those curious, it's about a 9.49% annualized rate of return over the last 91 years.
- duxup 7y agoWith maybe the note that $100 in 1928 was worth quite a bit... I am drifting into another point entirely and your point still stands.
- monknomo 7y agoLooks like back then most people made $.40-$.60 an hour, so figure $900 a year?
- anotherman554 7y agoThat's a 91 year time period, if you were patient enough to wait that long to enjoy the return on investment you'd probably be dead.