News for hackers. Stuff that matters.

A comment on The Impact of Index Investing: A Follow-Up. Parent comment

Re:The Impact of Index Investing: A Follow-Up by ktRolster on Wednesday May 04, 2016 @08:38PM (#11633127)
I mean nothing more than that if you were to put the S&P 500 graph over the last 15 years and extremely naively look at it, you'd conclude it was very high at the moment.

High based on what metric? When I look at this graph, it looks like it's been relatively flat for the last half decade: http://i.imgur.com/3gIwjbh.png

[ Parent | on HN ]
Re:The Impact of Index Investing: A Follow-Up by sokoloff on Wednesday May 04, 2016 @08:48PM (#11633167)
What? This looks flat to you?! :

http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#{"ran...

It's up 53% over that 5 year period, for a CAGR of 8.9% (excluding dividends).

[ Parent | on HN ]
Re:The Impact of Index Investing: A Follow-Up by ktRolster on Wednesday May 04, 2016 @10:16PM (#11633511)
Yeah, you're right, it's more like flat over the last three years
[ Parent | on HN ]
Re:The Impact of Index Investing: A Follow-Up by meric on Thursday May 05, 2016 @02:58AM (#11634444)
How do you look at that chart, say "it's flat the last 3 years" and ignore the three boom bust cycles before it?
[ Parent | on HN ]