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Old 01-31-2005, 09:14 AM
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JLP JLP is offline
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Default Re: Does it take luck to become a millionaire?

Quote:
Originally Posted by terry1156
What has the S&P 500 index fund been over the last 5 years? Both average and yearly?
S&P 500 Index Returns:

2000 -10.14%
2001 -13.04%
2002 -23.37%
2003 26.38%
2004 8.99%
Average -2.23%
GeoAverage -3.77%

The Dow Jones Total Market Index did considerably better:

2000 -9.23%
2001 -11.95%
2002 -22.08%
2003 28.44%
2004 10.16%
Average -.93%
GeoAverage -2.50%

This just emphasizes the importance of DIVERSIFICATION! If you put all your eggs in one basket, you're asking for trouble.

JLP
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