Reprinted courtesy of MarketWatch.com.
To read the original article1993 Matchbox Construction SuperKing CS-10 Digger Transporter,
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That means there’s less demand for value stocks. Less demand means lower prices. Lower prices can mean bargain prices.DTE GERMAN LESNEY MATCHBOX SUPERKINGS SK-99 POLIZEI DODGE POLICE VAN NIOB,.”
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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.WEISE TOYS - MASSEY FERGUSON WOTAN II TRACTOR WITH SAFETY BAR 1973-76 1 32 SCALE,. In its best year, 1933, this asset class was up a whopping 92.7%.
But the bad news is strikingly bad.ANCIEN NOREV CAMION MERCEDES NEUF BOITE,. 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.Porsche 911 991 R Coupe - Spark 1 43 in Box 1 400pcs 34045,.)
The allure of value investing doesn’t stop with large-cap stocks.Corgi Toys 222 Renault Floride Avacado green with flat hubs 1 43 scale NM+ Cond.,. And value works in foreign markets, too, as we shall see.
For more on this topic, check out my podcast, BBR 1 43 Ferrari F430 GT2 clone racing 11 Le Mans BBRC68,.
Richard Buck contributed to this article.