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 Patent Motorwagen 1886 green 1 18 Norev Modell Auto mit oder ohne..,.”
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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.1 43 RL31BK ROB WALKER LOTUS 49B Andretti US GP KIT BY SMTS,. In its best year, 1933, this asset class was up a whopping 92.7%.
But the bad news is strikingly bad.Vintage 1985 The Lego Group Hard Red Case with 600+ Pieces,. 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.Vienne cm Kr 226 Modèle de Bateau 1 1250 SHP480 Å,.)
The allure of value investing doesn’t stop with large-cap stocks.Mega construx call of duty armored vehicle charge brand new factory sealed,. And value works in foreign markets, too, as we shall see.
For more on this topic, check out my podcast, Ferrari FXX-K Evo White Diecast Model Car by Bburago 1 18,.
Richard Buck contributed to this article.