Good morning!
Ten years ago Friday marked the ten-year anniversary of the start of the bull market.
A bull market, for those who don’t know, is when the trend in the stock market is up and prices are rising.
If you have been fortunate enough to participate in this rally, congratulations!
But something tells me you probably did not.
How do I know this?
Well, for one thing, you’re most likely not part of the richest 10 percent of Americans that own stock. 84% of stocks are owned by the wealthiest 10% of Americans.
So if you’re not part of the richest 10%, you would be part of the group of people that own 16%. Again, if you are – great! But the majority of regular Americans are still not invested in the stock market and hence have missed out on the bull market of the past ten years.
This morning I want to share with you – as I live to do – the hypothetical gains you’d have made, had you invested $1000 in the stocks below in March 2009:
1. Netflix (NASDAQ: NFLX): $62,000
2. Amazon (NASDAQ: AMZN): $25,600
3. Nvidia (NASDAQ: NVDA): $17,015
4. Expedia (NASDAQ: EXPE): $19,000
5. Salesforce.com (NYSE: CRM): $19,000
6. Adobe: (NASDAQ: ADBE): $14,000
7. Apple (NASDAQ: AAPL): $13,000
8. Costco (NASDAQ: COST): $8,000
9. Google (NASDAQ: GOOGL): $6,900
10. Booking Holdings (NASDAQ: BKNG): $10,000
The stock market was a very scary place in 2008 – no doubt about it. But as you can see, it created some outstanding buying opportunities if you had a long term time frame!
This is a classic example of what can happen when, as Warren Buffett advises, you are “greedy when others are fearful”.
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)