On January 17, 2000 the Dow Jones Industrial Average (DJIA) closed the day at 11,722.
On October 19, 2002 the DJIA closed at 7,286.
During that 21 month period, the DJIA lost 38%.
On January 18, 2008 the DJIA closed at 12,099. This was up 377 points or only 3% total from January of 2000. Annualized, the gain was 0.375% – significantly less than 1% per year.
During the same 8 year period, inflation has risen by 19% or 2.37% annually.
Wonder why you feel broke?
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