Re:U.S. stock market returns – a history from the 1870s to 2022
by lotsofpulp on Friday January 06, 2023 @12:29PM
(#34277848)
But no credible investment advice in the last many decades has suggested investing in DJIA.
https://dqydj.com/dow-jones-return-calculator/
Plugging in those dates gives 0.078% return without reinvesting dividends (basically the figures given in the parent comment), 4.632% with dividends reinvested, and -1.941% with dividends reinvested and taking CPI into account.
So, you still come out negative due to inflation, even after reinvesting the dividends.