On Dec 31, 1993 the S&P 500 index (the leading indicator of overall US stock prices) closed at 466. Twelve months later, Dec 30, 1994 the index was virtually unchanged at 459. Over the next 4 years the S&P 500 rose at annual rates of 34%, 20%, 31% and 27%. Fast forward to Dec 30, 2010. The S&P 500 stood at 1257 and twelve months later it was completely unchanged at 1257. If you’re thinking that I’m trying to … Read more
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2010 Year End Newsletter
Those who do not remember the past are condemned to repeat it.
George Santayana
It seems that every time the market gets on a roll, investors loose sight of the reason they invest in the first place. Remember as investors in equities, or stocks, we are buying to become a partner or partial owner of the companies whose shares we buy. There are only two ways to profit from an equity investment. Either through the dividends paid by the company … Read more
