Yea - and if you started investing in the NASDAQ in '98, you'd have about
half of your money now.
-----Original Message-----
From: tony estep [mailto:[EMAIL PROTECTED]]
Sent: Friday, March 08, 2002 7:59 AM
To: RCSE
Subject: [RCSE] Spend or invest?
> If you put the $1000
> in QQQ
> or SPY the earnings would be more erratic but history
suggests you
> might
> average 14%...
If you had put $83.33 per month each month (= $1000/year)
since
January, 1983 in the S&P 500 index (denoted above as SPY),
you would
have invested a total of $18,249.30 (219 months at $83.33).
Your
investment at Feb 28, 2002 (dividends not reinvested) would
have been
worth $51,876.90, equivalent to an annualized internal rate
of return
of 9.03%.
If you had followed the same program but invested instead in
the Nasdaq
100 (denoted as QQQ) your $18,249.30 would today be worth
$54,181.39,
equivalent to an annualized return of 9.38%.
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