Percent of stock growth without including predicted future growth of that stock it is a useless metric. For the whole year of 2020, stock rose 14%, but the CAPE

Percent of stock growth without including predicted future growth of that stock it is a useless metric. For the whole year of 2020, stock rose 14%, but the CAPE ratio also climbed significantly, indicating the 14% comes at a cost of expected lower returns/growth going forward. Using standard CAPE adjustments, it tracked right around 6% real growth for the year. Stock owned for 2020 will likely grow slower in future years to make up for 2020. Unless a person immediately cashed out to buy something at the end of the year, which most people who own stock probably won't do. So yes, while anyone holding S&P500 saw a 14% increase for 2020, they likely should expect a couple lean years (or inflation) such that they actually only netted about 6%.