Fascinating article sent to me in the New York Times just before the election results were announced.
According to the article, "a $10,000 investment in the S.& P. stock market index would have grown to $11,733 if invested under Republican presidents only, although that would be $51,211 if we exclude Herbert Hoover’s presidency during the Great Depression. Invested under Democratic presidents only, $10,000 would have grown to $300,671 at a compound rate of 8.9 percent over nearly 40 years."
- Barack Obama is a Democrat, and should therefore see the biggest gain on the stock markets based on prior Democrat performance.
- We all talk about the last year as the worst since the Great Depression and Obama is taking over the Presidency when the markets are at their lowest levels since then.
It may be worth sticking a few dollars, pounds, euros or yen in an S&P Tracker Fund.