{"id":12278,"date":"2021-12-03T14:39:41","date_gmt":"2021-12-03T20:39:41","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=12278"},"modified":"2021-12-03T14:39:41","modified_gmt":"2021-12-03T20:39:41","slug":"the-sp-500s-average-annual-return-time-for-reflection","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=12278","title":{"rendered":"The SP 500&#8217;s Average, Annual Return: Time for Reflection"},"content":{"rendered":"<p><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2021\/12\/SP500avgannreturn113021.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-12279\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2021\/12\/SP500avgannreturn113021-262x300.png\" alt=\"\" width=\"262\" height=\"300\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2021\/12\/SP500avgannreturn113021-262x300.png 262w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2021\/12\/SP500avgannreturn113021-131x150.png 131w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2021\/12\/SP500avgannreturn113021.png 284w\" sizes=\"auto, (max-width: 262px) 100vw, 262px\" \/><\/a><\/p>\n<ul>\n<li>Source: Ycharts performance calculator<\/li>\n<li>All returns as of 11\/30\/21<\/li>\n<\/ul>\n<p>The above table was prepared for a client dinner last night and the results surprised me.<\/p>\n<p>The 21-year return for the SP 500 of 7.34% is consistent with long-run return on stocks, but note the last 5 &#8211; 10 years and then note the returns off the lows of March 9. 2009.<\/p>\n<p>This data shocked me.<\/p>\n<p>In personal emails to clients, the concept of &#8220;uncorrelated assets&#8221; is being discussed. Owning assets like gold (GLD) again, which is of November 30 &#8217;21 had a 10-year return of -0.69% is now part of every client discussion. From 2000 to 2011, the year gold peaked, the GLD returned roughly 18% a year, but that&#8217;s a little misleading too, since the GLD ETF wasn&#8217;t created until 2005.<\/p>\n<p>This blog will have a longer article on the topic before year-end 2021.<\/p>\n<p>The &#8220;SP 500 earnings update&#8221; this weekend won&#8217;t be out until later Saturday or Sunday morning.<\/p>\n<p>Thanks for reading, and take everything you read with a healthy dose of skepticism.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Ycharts performance calculator All returns as of 11\/30\/21 The above table was prepared for a client dinner last night&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[255],"tags":[],"class_list":["post-12278","post","type-post","status-publish","format-standard","hentry","category-average-annual-return"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/12278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12278"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/12278\/revisions"}],"predecessor-version":[{"id":12282,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/12278\/revisions\/12282"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}