Since 1996, Cash Has Beaten Stocks
That almost certainly will not be the case over the next decade, however, given that stocks are cheap while 1-month T-bills were yielding 0.04% and 3-month bills were at 0.09% today.
From Marketwatch.
Consider two hypothetical individuals who started investing at the
beginning of November 1996. The first put everything in the stock
market, while the second put everything into 90-day Treasury bills.
The second investor, who has been sleeping like a baby for the last 12 years, was sporting a 3.6% annualized gain as of Wednesday night. The investor who put everything in the stock market, in contrast, was sitting on a 2.9% annualized return.
The second investor, who has been sleeping like a baby for the last 12 years, was sporting a 3.6% annualized gain as of Wednesday night. The investor who put everything in the stock market, in contrast, was sitting on a 2.9% annualized return.
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