Dow down to 4.4% annually since inception!
The Dow is now down to an average 4.4% annually since inception. (At 9127 now). Excludes dividends, but those are less common nowadays. CDs at 4+% are now way better than stocks historically.
Comments
IIRC you have to pay a dividend to trade on the NYSE, and traditionally only NYSE stocks were in the dow - until Microsoft - but I think that was one of the reasons Microsoft added a dividend
On 10/1/1985, exactly 57 years later, the index stood at 1,340.95.
That's an annualized rate of return of 3.07%.
10/1/1985 to 10/1/2007 (14,087.55)
Annualized rate of return: 11.28%
If the 1928-1985 rate of 3.07% were extended to today, the Dow would be at approximately 2,700.
* traditional type - invests in companies that have good fundamentals, is willing to stick with the stock for a few years
* flipper type - invests in any stock that he believes he can flip to another flipper in a few weeks/months, basically a pyramid scheme
It seems that 2nd type rules these days.
The Constitution says nothing about the private economy - only about the roles of the federal government. There's a very good reason for that. The founding fathers didn't believe the federal government had a useful role intervening in the private sector. Heck, they didn't even originate an income tax as part of it, that only happened in 1909.