A 65% drop in price over 17 years is "only" about 6% per year. The S&P500 annual dividend yield during 1966-1982 was not much less than 6%, especially during th

A 65% drop in price over 17 years is "only" about 6% per year. The S&P500 annual dividend yield during 1966-1982 was not much less than 6%, especially during the latter half of that period. If you look at an inflation-adjusted total return chart (as opposed to just price), the actual drop in investment value was much smaller. I think "flat" isn't a terrible way to describe it. https://www.multpl.com/s-p-500-dividend-yield https://www.multpl.com/s-p-500-dividend-yield http://www.simplestockinvesting.com/SP500-historical-real-total-returns.htm http://www.simplestockinvesting.com/SP500-historical-real-to...