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.Mercedes-Benz 208 D Bus Polizei Baujahr 1988 white green 1 18 KK-Scale,.”
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LOTE DE MINUATURAS JOAL REF 297 - REF 245 Y REF 214, A ESCALA 1 35-(3).,.2%, enough to turn a one-time investment of $100 into $1,104,778.
(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.Provence Riproduzione Kit da montare 1 43 - Peugeot 905 Le Mans 1991 N.5 n.6,. In its best year, 1933, this asset class was up a whopping 92.7%.
But the bad news is strikingly bad.1 43 Spark Porsche 911 GT3 RSR Car rd GT2 2005 24 Hours of LeMans S0915,. 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.Matchbox SF Nr.20B Police Patrol white Police bluee Leuchte top in Box,.)
The allure of value investing doesn’t stop with large-cap stocks.PROVENCE MOULAGE K568 MERCEDES W196 F1 Streamliner n°18 1955 1.43,. And value works in foreign markets, too, as we shall see.
For more on this topic, check out my podcast, -- BROOKLIN BRK83 1947 FORD V-8 STATION WAGON WOODY GREY MINT BOXED,.
Richard Buck contributed to this article.