By The Motley Fool
The Dow Jones industrial average peaked in early September 1929 at 381.
It then slid down to 199 in mid-November, before rising again to 294 five months later, in 1930. (In October 1929, it slid more than 11% points on 2 successive days.)
From there it began a long descent, falling to 41 in July 1932. With the Dow recently around 9,000, it’s up some 220-fold since the low of 41.
That’s enough to turn your $1 into $220.
If I had put $1 in the market after the crash of 1926??
By The Motley Fool
The Dow Jones industrial average peaked in early September 1929 at 381.
It then slid down to 199 in mid-November, before rising again to 294 five months later, in 1930. (In October 1929, it slid more than 11% points on 2 successive days.)
From there it began a long descent, falling to 41 in July 1932. With the Dow recently around 9,000, it’s up some 220-fold since the low of 41.
That’s enough to turn your $1 into $220.