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To me one of the best things about this sort of investing is a report from Credit Suisse over long term equity return as opposed to bonds and cash. https://www
by throwaway344 13y ago
To me one of the best things about this sort of investing is a report from Credit Suisse over long term equity return as opposed to bonds and cash.
https://www.credit-suisse.com/investment_banking/doc/cs_global_investment_returns_yearbook.pdf https://www.credit-suisse.com/investment_banking/doc/cs_glob...
It really gets interesting on page 37, if you want a read.
It is of course, backwards looking, over the last hundred years, so it's (as with most macroeconomic stuff) not really scientific, but it at least gives a explanation of the relative power of long-term economic growth over short-term speculation.
tldr; I think stocks are more powerful than you think.