Image Credit: Alex Nabaum
By Jason Zweig | Nov. 1, 2019 10:57 am ET
Future returns on stocks may well be lower than the past decade’s lavish annual average of nearly 14%. Even so, we should thank our lucky stars for living at a time when we can capture nearly all the return stocks produce.
That wasn’t always the case. Until a few decades ago, earning the stock market’s total return — changes in price, plus the additional growth obtained by reinvesting dividend income — was nearly impossible. Not only were trading costs and fund expenses vastly higher than today; the technology to capture total return didn’t exist.…
To read the rest of the column:
https://www.wsj.com/articles/sometimes-the-stock-market-needs-knights-of-faith-11572620223
For further reading:
Books:
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Articles and other resources:
When the Stock Market Plunges…Will You Be Brave or Will You Cave?