How Different Generations Think About Investing

[progree]

4. "but never makes new lows. At least not since 1933."

Last edited Sat Jul 20, 2019, 10:13 AM - Edit history (3)

https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
There's a graph at the upper right of the article (that one can click on to expand it)

From reading this graph, which begins in 1896, it looks like it was at about 31 very shortly after it began, and then again in 1903 - actually a whisker above 30. So I would say 1903 was the last all-time low for the DOW, from 1896 anyway.

The July 8, 1932 post-1929 crash/Depression low was 41.22
https://www.thebalance.com/dow-jones-closing-history-top-highs-and-lows-since-1929-3306174

Dividends aren't included in these numbers. Back then, until the 1950's, stocks had higher yields than bonds.

EDITED TO ADD --

If dividends are included, it's likely the all-time low account balance would be 1896, the initial year, as dividends cumulatively would have almost certainly been more than 3% over 7 years (from 1896 to 1903).