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.Best 1 43 - Alfa Romeo 33 2 Lunga Le Mans 1968 No.39,.”
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MAZ 6303 + semitrailer MAZ 83781 AIST 1 43,.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.LEGO 75018 - Star Wars - Jek-14’s Stealth Starfighter - NO Mini Figs BOX,. In its best year, 1933, this asset class was up a whopping 92.7%.
But the bad news is strikingly bad.JADA DUB CITY 1959 VW BEETLE 1 24 SOLID RED VOLKSWAGEN CARS JADA TOYS,. 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.LEGO 75012 - Star Wars - Captain Rex - Mini Fig Mini Figure,.)
The allure of value investing doesn’t stop with large-cap stocks.W Britain French Infantry Command Set - French Infantry Drummer and Line Officer,. And value works in foreign markets, too, as we shall see.
For more on this topic, check out my podcast, Fiat 238 1970 Simca Service 1 43 Model RIO4333 RIO,.
Richard Buck contributed to this article.