Grab your hankie

The Wall Street Journal is out to ruin your evening. From The Lost Decade of Stock Investing:

The stock market hasn’t been much better. If you invested $100 in the S&P 500 at the end of the last decade, you’re happy with Dow 10000 but still hoping for a 34.5% rally before year end — just to break even. You’ll need a staggering 72% rally when adjusting for inflation.

Keeping your assets above their basis has been tough going.


  1. J. Strupp says:

    If you think that’s bad, the stock market returned close to zero (adjusted for inflation) between approx. 1900-1922.

    Keep that in mind when someone tells you that stocks are always a good investment over the long run.

    I guess it depends on how long the long run is.