Seeking Alpha
Macro, portfolio strategy, fixed income
Profile| Send Message|
( followers)  
With the Dow Jones Industrial Average today reaching a new all-time high, it's appropriate to step back and put this achievement in a long-term context. What we see is that stocks have delivered about a 7% annualized price return for those willing to be very patient and adopt a buy-and-hold strategy. Including dividends, the S&P 500 has delivered a total annualized return of just over 11% since 1950.
(click to enlarge)

(click to enlarge)
Source: Stocks For The Long Haul