Published on 1 Jun 2024 on Insider Monkey via Yahoo Finance
We recently compiled a list of the Top 15 U.S. Economic Indicators Every Investor Should Know and in this article we will talk about the top US economic indicator every investor should know.
Why Invest in Stocks?
There are a variety of investing options available including stocks, bonds and real estate. However, investing in stocks is one of the most lucrative options. Based on estimates by Aswath Damodaran, NYU business professor, if a person had invested $100 in the US stock market in 1928 the amount would have increased to $1,000 by the mid-1950s, $10,000 by the mid-1980s, and almost $750,000 by the end of 2021. The data indicates that it would take almost 100 years to convert $100 to $1 million. The numbers are remarkable when compared to other asset classes. During the same period, $100 invested in US Treasury bonds would help reach about $8,500, and real estate would only reach $5,000.