In between were secular bear markets: 1966 to 1982, when the Dow went nowhere in nominal terms, but after inflation it lost about 75 percent of its valu
In between were secular bear markets: 1966 to 1982, when the Dow went nowhere
in nominal terms, but after inflation it lost about 75 percent of its valu
in nominal terms, but after inflation it
lost about 75 percent of its value.
If the stock pays no dividend, and does not change price over 40 years, you still have an asset worth $ 100 and have
lost no money (
in Nominal terms - you
lose buying power due to inflation, but that's a different point).