6 ms·
To put things further in perspective, if you put same $18K into S&P 500 in 1953, assuming 30% dividends tax and dividends reinvestment, now you'd have $13.3M, o
by anovikov 5y ago
To put things further in perspective, if you put same $18K into S&P 500 in 1953, assuming 30% dividends tax and dividends reinvestment, now you'd have $13.3M, or $23700 per month after-tax dividend income (averaged), which is more than enough to rent any place, in any location. People who are saying that something was wrong with housing prices really need a reality check.
(caveat is that ETFs did not exist till 1975 so it wasn't as easy for a small-time retail investor to put $18K into S&P 500 in 1953, so this is not entirely apples to apples comparison).