You Just Doubled Your Money If You Invested at the 2007 Market Peak
- That’s the total return from investing in S&P 500 at 2007 top
- Never late to buy stocks if investment horizon is long enough
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 22, 2017. U.S. stocks were little changed, while Treasuries gained with gold as investors reached for safe haven assets after North Korea ratcheted up its threats against the U.S.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
If you bought the S&P 500 at this time 10 years ago, you watched more than half your investment erased. You heard buy-and-hold pronounced dead and watched fellow investors pull $200 billion from equities.
You also doubled your money.