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"What is amazing is that the Dow was at 13,930 at the end of September, 2007, hit 7062 at the beginning of February, 2009, and last saw less than 10,000 at the end of June, 2010. How do you figure that it took 17 years? "


And what was it in 2000?

If you had put money in the market in 2000......

https://www.google.com/#q=dow+jones+graph+

the DOW was 10,000....

you had to wait 17 years for your money to double

Since intercst retired before 2000 I believe.....if he had his
nest egg invested in the DOW, it would have taken 17 years to double

Simple.

And no, it didn't triple during Obama.

And only if he had a real magic crystal ball, and sold all his stocks prior to the 2008 crash, paid cap gains taxes, then using his crystal ball bought back in at the very bottom, could he have 'tripled' his money.

Now...if he were in the SP500 or NASDAQ stocks or other indexes, then that's a potentially different story. Or he bought Apple for $10 a share at the right time, to see it go to $800 or so.......

The SP500 index is here

https://www.google.com/#q=dow+jones+graph+

You'll note it hasn't tripled while Obama was in office.

If you invested a LONG time ago, like intercst and tele, you saw a doubling in 17 years.

However, just like 'indexed annuities' , which don't include dividends and often contribute to 60% of the gain of stocks in the index.........you'd actually do better considering the dividends paid.

But I doubt there it would triple in just 8 years.

Only if you assume you bought stock on the day Obama took office, and sold it when he left, buying at the bottom of the recession then.......would it be possible to even come close to 2.5 times your money in 8 years. And you'd have to be incredibly lucky to have invested "ALL" your stock prior at that point, having sold it before with your magic crystal ball or time travel machine. So your portfolio 'tripled' in 8 years!





t.
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