Quote:
Originally Posted by olredalert
----One has to wonder what the owner would have made if he simply invested the $34,000 and change wisely......Bill S
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The Annualized Dow Jones Industrial Average Return (Dividends Reinvested) over the 1987-2018 period was 11.32%.
With $34,000 invested in a DJIA index fund in 1987 you would have $944,000 today. That is a gain of $910,000.
$34,000 in 1987 = $76,094 today when adjusted for inflation.
I used an ROI calculator. Those numbers sure seem high.