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From the link: One thousand dollars invested in the S&P 500 at the end of January, 1998 would have been worth $5557 at the end of July, 2013. However, if the dividends were reinvested in the index, the investment would be worth $10,635 by the end of July. Reinvesting the dividends roughly doubled the value of the investment.

Thanks for the link, but the investment is doubled, not tripled, as Ray claims. But then Ray said he would have "$6-9 million" in his account from investing hundreds of thousands.

Dividend levels were unusually low through the 00's. It stands to reason that the effect of reinvesting dividends would also be somewhat lower during that time period. In any case, doubling is nothing to sneeze at.

(Q: Do I really need to cite the levels of dividends during the 00's?)

--AI, Asst. Prof. of Mathematics in his day job
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