No. of Recommendations: 21
But...can you do math?

Yes, but I'm not sure you can.

Intercst claimed his wealth TRIPLED while Obama was in office.

Yes, and that would have included dividend reinvestment had he just invested in an index fund.

Only if he cherry picks the dates......from the bottom of the crash to the day
Obama left office......could he make that claim.


Not really. If he had invested in the Dow index fund, his return (with dividends reinvested) from Jan, 2009 (when Obama took office) until January, 2017 (when Obama left office) and using the same calculator that PSU provided a link to, here are the figures:

Total Dow Jones Industrial Average Return  137.514%

Total DJIA Return (Dividends Reinvested) 191.631%


So, if intercost had a starting wealth of $1,000,000, that would give him a return of $1,916,310, for a total wealth of $2,916,310 Okay, it's not quite triple, but you were the one who chose to use the Dow. How about if I choose to use the S&P? Here's a link to the S&P calculator: https://dqydj.com/sp-500-return-calculator/

And the S&P figures for the same date range are:

Total S&P 500 Return                          162.339%

Total S&P 500 Return (Dividends Reinvested) 207.997%

With a starting wealth of $1,000,000 that's a return of $2,079,970, which, when added to the original wealth, is 3,079,970

That's a triple.

And just so you don't try to claim I'm doing something funny by adding the original investment to the return, read the definitions of how the return is calculated:

S&P 500 Index Return – The total price return of the S&P 500 Index. So if it is at 1000 on the start and end date, this will be 0.

S&P 500 Dividends Reinvested Index Return – The total price return of the S&P 500 if you had reinvested all of your dividends.


AJ
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