upandcomer
Well-Known Member
Very optimistic of you assuming that you will earn 10.29% every year.
Long-Term NYSE and Dow Jones averages have met that benchmark. If you would have invested in the DJX at the beginning of 1975 when it was at 575 and today it is at 10,200.
That is an average rate of return of roughly 8.5%-8.6%. Of course we are in the middle of a Depression. If you take it from its high 13,900. Over the last 35 years we have averaged between 9.5%-9.6%. Or if you take the 32 year period between 75 and 07 we averaged 10.5% and the last 2.5 years have gone to hell.
This also shows the value of investing in "Blue Chip Growth Stocks" as opposed to small cap and mid cap stocks as your return on investment the last 35 years in the S&P 500 is not nearly as good.