Ghost of Igloi wrote:
agip wrote:
a global stock portfolio recovered much faster.
and I don't believe your 2013 number anyway, for any sort of a broad US index, incl dividends.
fair point about bonds though.
I would say most investors that buy index ETFs do not reinvest dividends, but fair point. Here are some numbers for the S&P 500:
Annualized with Dividends reinvested month ending
3/2000-9/2011 0.035%
3/2000-10/2016 4.374%
10/2007-7/2012 -0.398%
3/2000-9/2018 5.811%
Annualized Index returns
3/2000-9/2011 -1.774%
3/2000-10/2017 2.41%
10/2007-4/2013 0.364%
3/2000-9/2018 3.851%
I can hear it now you’re cherry picking. Well my response is you got a new market high in September with every lever financial engineering can pull and it did not give you much. Good luck if you think the future is going to be any different than the last 18 years.
that's not fair to say
2017 was a huge year: +21%. So if you want to claim financial engineering you at least have to say we got something.
And 2018 was not a year of loosening - it was a year of tightening. higher fed funds rate, smaller fed balance sheet. So 2018 was not supported by the Fed...it was hurt by it. And we're still up for the year.
If you are going to say buybacks are responsible for all the rise in the stock market...well that's a matter of faith, not reason so I wont' try to argue you out of it.