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haha yes, $76 billion. also note that if bill gates had simply put all his money in an sp500 index fund last year he would have earned %13.69, or $10.8 billion
by blahblah3 12y ago
haha yes, $76 billion.
also note that if bill gates had simply put all his money in an sp500 index fund last year he would have earned %13.69, or $10.8 billion
- makeset 12y agoAlso note that putting that kind of money anywhere creates so much market impact in practice that the gains diminish considerably. E.g. SPY, the most active S&P500 index (also the single most heavily-traded U.S. stock), had a total dollar volume of $275B for all of 2014. Buying billions' worth of it, even over long periods, would drive the price up in the process and make further purchases more costly.
- blahblah3 12y agohe obviously wouldn't put it all into spy, you can buy a diversified portfolio of stocks that basically replicates the s&p 500. http://www.nasdaqtrader.com/Trader.aspx?id=DailyMarketSummary http://www.nasdaqtrader.com/Trader.aspx?id=DailyMarketSummar... (74 billion dollars traded in one day)