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> It didn't pay off to be optimistic in 1930. It depends on the timeframe. First, you got a lot in dividends (which were much higher rates than today’s divide
by MR4D 5y ago
> It didn't pay off to be optimistic in 1930.
It depends on the timeframe. First, you got a lot in dividends (which were much higher rates than today’s dividends on average). Secondly, by the end of the war, you were at least break even, and by the early 1950’s you probably more than doubled your money.
Now, if you had been patient and been optimistic in 1932/3 at the very bottom of the market, you would have made a killing, nearly 10x your investment by the early 1950’s, plus all the dividends!
But, I get your point and agree with the rest of your comment.
- onlyrealcuzzo 5y agoIf you doubled your money by the 1950s, but inflation more than halved your money, then you didn't even break even, and you definitely did not make a "good" investment. Especially if you have to pay tax on the "profit". Okay - sure - maybe given the environment, "good" investments were few and hard to come by.