Reprinted courtesy of MarketWatch.com.
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That means there’s less demand for value stocks. Less demand means lower prices. Lower prices can mean bargain prices.Solido 1 43 - Renault 5 Maxi Kit 1986 red,.”
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(The S&P 500, by comparison, returned 9.8%; $100 would have grown to $346,261. There’s a striking lesson in the huge difference an extra 1.2 percentage points of return can make if given enough time.)
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As with the S&P 500 there is good and bad news.Herpa 310048 Iveco Stralis XP GP-SZ Schumann Werdau Scale 1 87,. In its best year, 1933, this asset class was up a whopping 92.7%.
But the bad news is strikingly bad.Mercedes-Benz AMG GT S grey MATT 2015 1 43 Norev 351350 Mercedes MB C 190 C190,. That was more than 80 years ago, but it shows what can happen.
This asset class is more volatile than the S&P 500. In 1931 the S&P lost “only” 43.3%; in 1933, that index was up “only” 54%.
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The best 15-year period ended in 1989 with a compounded return of 21.7%. The worst, from 1928 through 1942, ended up with a compound loss of 1.4%.
(The average return of all 15-year periods was 13.2%, compared with 10.7% for the S&P 500.)
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This underscores one of my complaints about Vanguard’s Total Stock Market Index Fund US:VTSMX , which has only about 36% of is portfolio in value stocks.Acrylic Wall Mount Double Action Figure Display Case 1 6 1 6 Scale 12 ,.)
The allure of value investing doesn’t stop with large-cap stocks.Rietze 74528 Mercedes Benz O 305 G Wolff Reisen ORN Mainz Neu & OVP,. And value works in foreign markets, too, as we shall see.
For more on this topic, check out my podcast, Heico HC2024 H0 LKW Mercedes LP311 Pullman TLF 16 Feuerwehr CFK Köln Tanklöschfa,.
Richard Buck contributed to this article.