Apply For a MortgagePublished: February 19th, 2010 • Last Updated: January 7th, 2021
Author: Ross Taylor on AskRoss.ca
Investments take time to pay off!
Heading this month’s issue of Money Sense, I came across a startling stat – makes me wonder if it is really true. Here it is verbatim.
$6,647 – what $1,000 invested in the S&P 500 on Jan 1, 1990 was worth at the end of 1999, including dividends.
$662 – what $1,000 invested in the S&P 500 on Jan 1, 2000 was worth at the end of 2009, including dividends.
Tells you that a ten year holding period is really not enough time for your investment to pay off. It might, but it may not.