|Research & Analysis|
S&P 500 Index: Annual Returns for Various Periods
Multiple Year Period Stock
What If’s – Various Dates:
The various dates for the What If’s charts provide historical evidence that this way of anticipating the future is useful. Times when recent returns have been the worst are often the best times to invest. These times are often also times when faith in the future is most in doubt. Each time I update the “What If’s” chart, I find myself wishing that expected returns could be stronger. Unfortunately, this would only be possible if long-term returns were to rise, or recent returns would have been lower. The delight of anticipating exceedingly high returns must be tempered by the pain and fear experienced in October 2002. If there is a lesson in all this, it seems to be to trust in the economic system to provide reasonable returns to prudent owners of businesses, to take what the market gives and not to allow emotion to overwhelm logic. Clearly, this is no small accomplishment!
through Centaurus Financial, Inc., a Registered Broker/Dealer, Member