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.
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Ross Taylor
One of Toronto/GTA's Most Trusted and Knowledgable Mortgage Agents
Ross Taylor is recognized by his peers as one of Canada's pre-eminent difficult mortgage specialists. His ASKROSS blog and column in Canadian Mortgage Trends are focused on the intersection between mortgage financing and personal credit.
With unique dual certification as a licensed credit counselor and mortgage agent, Ross's insights are valued by mortgage professionals and homebuyers alike.
If you have questions about anything financial or mortgage-related, please contact [email protected]. Ross answers everyone personally.
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