Returns since 1800

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Fremantle's picture

Hi all,

Someone here posted recently that the return from 1800 - 1900 was 0% and between 1800 - 2000, was 2.5%.

1) Which index was this
2) Is this a real figure (i.e. After inflation)?

Thank you in advance!

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joemontana's picture

Not according to Jeremy Seagle.

mwvt9's picture

I am pretty sure the original post was using some non-US data. I can’t remember exactly though.

JoeyDVivre's picture

Does it make sense? Those are not real figures.

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NakedPuts's picture

You forgot 3) To the extent this data exists, is it accurate/meaningful/comparable to modern data?

Deleted User's picture

I am the one.

It was the FTSE All-Share index. It is total return.

Another tidbit: The total return DJIA returned 5.7% from 1896-on. This is our oldest ‘diversified’ benchmark for US equity. The problem is that this begins to measure after a 23-year period of deflation (1873-1896) where prices dropped 47%. Not very encouraging for how equity prices would have performed in the US in the 1800s either.

1800s were rough. 23-year depression. another 2 year depression in the early 30s. multiple serious recessions.

but I would like to add that there was a lot of government manipulation without a good understanding of macroeconomics, so take it with a grain of sand.

*disclaimer, past returns do not reflect future returns.

any further questions, let me know.

projectplatnyc's picture

MattLikesAnalysis Wrote:
——————————————————-
> I am the one.

Neo!! I knew you were back to save us from this financial crisis . .

Deleted User's picture

projectplatnyc Wrote:
——————————————————-
> MattLikesAnalysis Wrote:
> ————————————————–
> —–
> > I am the one.
>
> Neo!! I knew you were back to save us from this
> financial crisis . .

I was actually going for Jet Li, but Neo will work too.

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