Re: America Duped Into Economic Pessimism -- Investor's Business Daily

SMBalloon wrote:
On 12 Mar 2006 20:39:48 +0100, "D.F. Manno" <dfm2a3l0t2@xxxxxxxxxx>
wrote:


In article <47hs7sFfb60mU1@xxxxxxxxxxxxxx>,
"Calvin Jones & the 13th Apostle" <Another_Thin_Line@xxxxxxxxx> wrote:


You did not answer my question. To repeat, if you put $10,000 into a S&P 500 index fund the day back in 2001 when Bush took office, what would it be worth now?

I'll answer it for him: $9,545.86.

The S&P 500 closed Friday at 1281.57. It closed at 1342.54 on 21Jan01.

Your answer is incorrect as you left out the value of reinvested
dividends.

But he also left out the management fees. Call it a wash.

.

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