110K Dow

Doug Henwood dhenwood at panix.com
Sun Sep 17 12:06:54 PDT 2000


Lisa & Ian Murray wrote:


>He bases his estimate on stock market gains of about 12 percent a year --

That's still pretty optimistic, even if it is less than we've seen lately. Total nominal return, including reinvested dividends, was 10% a year from 1900-99. Coming after a period of spectacular returns (17% from 1982-99), that would be pretty unusually high. But hey, America's the land of opportunity.

Doug



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