Correct. Actually more like an 11.1% annual return, but yes. This is 2% above the expected long-term rate of return for stocks of about 9%.
I should add, though, that when I invested, I could have invested anywhere between £0 and £10,000. I chose £500 because I was young and frightened of the “risks” of the market.
Had I invested all £10k, I would now be the proud owner of about £18,000.
Depends on what you bought. More than a few stocks had the last few years of growth wiped off them last year, and that includes many well hedged managed funds. Your youthful assessment of the risks was perhaps better than you give it credit for.
What would the original investment be worth right now had you not cashed it in?
Wouldn’t that be 2003-2008, i.e., five years?
That’s about 11.2% annual return, if I’m mathing correctly this early in the morning.
Correct. Actually more like an 11.1% annual return, but yes. This is 2% above the expected long-term rate of return for stocks of about 9%.
I should add, though, that when I invested, I could have invested anywhere between £0 and £10,000. I chose £500 because I was young and frightened of the “risks” of the market.
Had I invested all £10k, I would now be the proud owner of about £18,000.
Depends on what you bought. More than a few stocks had the last few years of growth wiped off them last year, and that includes many well hedged managed funds. Your youthful assessment of the risks was perhaps better than you give it credit for.
What would the original investment be worth right now had you not cashed it in?