๐ 100 Years of Wall Street in One Number: 10.2% โ that's the average annualized return of the S&P 500 since 1928 โ through wars, depressions, pandemics, crashes, and recoveries.
Translation: $1,000 invested in 1928 with dividends reinvested would be worth over $10 million today. ๐คฏ
But here's the part nobody talks about โ the market was down in ~27% of those years. Brutal drops. Panic selling. "This time it's different" headlines.
And yetโฆ patient investors won. Every. Single. Time. โณ Warren Buffett said it best: "The stock market is a device for transferring money from the impatient to the patient."
The hardest part of investing isn't picking winners. It's sitting still while everyone else panics. ๐ง
