nvestments Raw Data: Annual HPRs, 1983-2012

nvestments Raw Data: Annual HPRs, 1983-2012

InvestmentsInvestments

Raw Data:  Annual HPRs,  1983-2012 Year Large Stock Long-Term TBonds 1983 28.07 2.84 1984 -2.86 -3.78 1985 12.49 21.95 1986 24.61 1.73 1987 6.97 7.50 1988 40.98 34.12 1989 45.10 30.56 1990 23.11 18.86 1991 22.61 5.24 1992 16.83 6.48 1993 -17.85 12.07 1994 18.89 18.58 1995 -5.24 4.65 Large Stock Long-Term TBonds Help with Excel’s AVERAGE Function 1996 25.94 20.22 Average Help with Excel’s STDEV Function 1997 6.08 -1.67 Standard deviation Help with Excel’s SKEW Function 1998 16.88 26.61 Skewness Help with Excel’s KURT Function 1999 13.10 3.68 Kurtosis 2000 13.37 6.78 2001 21.64 17.21 2002 32.70 -5.60 “Which do you think are the most relevant statistics touse for projecting into the future?” 2003 -15.41 8.22 2004 -16.21 -0.34 2005 -16.81 22.91 2006 37.82 11.81 2007 17.19 12.67 2008 14.39 -0.03 2009 21.52 -3.00 2010 18.94 2.30 1011 -44.00 1.20 2012 30.29 4.00

 

Rates of Return 1929-2012 Wealth Index  1929-2011 World Portfolio US Markets World Portfolio US Markets World Portfolios US Markets Year World Equity Return in US Dollars Small Stocks Large Stock Long-Term T-Bonds T-Bills Inflation Real T-bill Rates World Equity Return in US Dollars Small Stocks Large Stock Long-Term T-Bonds World Equity Return in US Dollars Small Stocks Large Stock Long-Term T-Bonds T-Bills Inflation real T-bill rate1929 25.24 -8.91 12.21 4.54 3.19 -1.12 4.36 22.05 -12.10 9.02 1.35 1.25 0.91 1.12 1.05 1.03 0.99 1.041930 23.15 35.48 35.99 8.11 3.13 -2.26 5.51 20.02 32.35 32.86 4.98 1.54 1.23 1.53 1.13 1.06 0.97 1.101931 28.62 51.31 39.29 -0.93 3.54 -1.16 4.76 25.08 47.77 35.75 -4.47 1.98 1.87 2.13 1.12 1.10 0.96 1.151932 -12.56 -48.35 -7.66 4.41 4.74 0.59 4.13 -17.30 -53.09 -12.40 -0.33 1.73 0.96 1.96 1.17 1.15 0.96 1.201933 -22.6 -48.36 -25.90 6.22 2.43 -6.40 9.43 -25.03 -50.79 -28.33 3.79 1.34 0.50 1.45 1.24 1.18 0.90 1.311934 -39.94 -53.17 -45.56 -5.31 1.09 -9.32 11.48 -41.03 -54.26 -46.65 -6.40 0.81 0.23 0.79 1.18 1.20 0.82 1.471935 1.46 8.58 -9.14 11.89 0.95 -10.27 12.50 0.51 7.63 -10.09 10.94 0.82 0.25 0.72 1.32 1.21 0.73 1.651936 70.81 153.18 54.56 1.03 0.30 0.76 -0.46 70.51 152.88 54.26 0.73 1.40 0.64 1.11 1.33 1.21 0.74 1.641937 0.15 34.78 -2.32 10.15 0.18 1.52 -1.32 -0.03 34.60 -2.50 9.97 1.40 0.86 1.09 1.46 1.21 0.75 1.621938 22.44 72.87 45.67 4.98 0.14 2.99 -2.77 22.30 72.73 45.53 4.84 1.71 1.49 1.58 1.54 1.21 0.77 1.571939 18.84 77.01 33.55 6.52 0.18 1.45 -1.25 18.66 76.83 33.37 6.34 2.04 2.64 2.11 1.64 1.22 0.78 1.551940 -17.7 -55.05 -36.03 0.43 0.29 2.86 -2.50 -17.99 -55.34 -36.32 0.14 1.68 1.19 1.35 1.64 1.22 0.80 1.521941 6.21 15.46 29.42 5.25 -0.04 -2.78 2.82 6.25 15.50 29.46 5.29 1.78 1.37 1.75 1.73 1.22 0.78 1.561942 -5.6 -6.79 -1.06 5.90 0.01 0.00 0.01 -5.61 -6.80 -1.07 5.89 1.68 1.28 1.73 1.83 1.22 0.78 1.561943 7.97 -14.15 -9.65 6.54 -0.02 0.71 -0.72 7.99 -14.13 -9.63 6.56 1.81 1.10 1.56 1.95 1.22 0.79 1.551944 13.26 -13.42 -11.20 0.99 0.04 9.93 -9.00 13.22 -13.46 -11.24 0.95 2.05 0.95 1.39 1.97 1.22 0.87 1.411945 -0.56 39.66 20.80 5.39 0.28 9.03 -8.03 -0.84 39.38 20.52 5.11 2.04 1.33 1.68 2.08 1.22 0.94 1.301946 19.3 108.74 26.54 4.87 0.36 2.96 -2.53 18.94 108.38 26.18 4.51 2.44 2.77 2.12 2.18 1.23 0.97 1.261947 13.49 61.46 20.96 3.59 0.33 2.30 -1.93 13.16 61.13 20.63 3.26 2.77 4.48 2.57 2.26 1.23 0.99 1.241948 13.72 81.98 36.11 6.84 0.32 2.25 -1.89 13.40 81.66 35.79 6.52 3.15 8.14 3.49 2.41 1.24 1.02 1.211949 -16.91 -13.17 -9.26 0.15 0.36 18.13 -15.04 -17.27 -13.53 -9.62 -0.21 2.61 7.07 3.17 2.42 1.24 1.20 1.031950 -1.09 -1.91 4.88 -1.19 0.50 8.88 -7.70 -1.59 -2.41 4.38 -1.69 2.59 6.94 3.33 2.39 1.25 1.31 0.951951 3.06 -6.50 5.29 3.07 0.81 2.73 -1.87 2.25 -7.31 4.48 2.26 2.66 6.49 3.50 2.46 1.26 1.34 0.931952 17.35 21.20 18.24 6.03 1.12 -1.83 3.00 16.23 20.08 17.12 4.91 3.13 7.86 4.14 2.61 1.27 1.32 0.961953 24.44 46.88 32.68 -0.96 1.22 5.80 -4.33 23.22 45.66 31.46 -2.18 3.89 11.55 5.49 2.58 1.29 1.40 0.921954 28.69 6.68 23.47 -1.95 1.49 5.97 -4.23 27.20 5.19 21.98 -3.44 5.01 12.32 6.78 2.53 1.30 1.48 0.881955 14.21 5.12 18.91 1.93 1.65 0.91 0.73 12.56 3.47 17.26 0.28 5.72 12.95 8.07 2.58 1.33 1.49 0.891956 5.37 -5.60 -1.74 3.83 1.83 0.60 1.22 3.54 -7.43 -3.57 2.00 6.03 12.22 7.92 2.68 1.35 1.50 0.901957 48.2 63.70 52.55 4.88 0.86 -0.37 1.23 47.34 62.84 51.69 4.02 8.93 20.01 12.09 2.81 1.36 1.50 0.911958 22.94 24.62 31.44 -1.34 1.57 0.37 1.20 21.37 23.05 29.87 -2.91 10.98 24.93 15.89 2.77 1.38 1.50 0.921959 8.62 4.30 6.45 -5.12 2.47 2.83 -0.35 6.15 1.83 3.98 -7.59 11.93 26.01 16.92 2.63 1.42 1.54 0.921960 -6.86 -13.99 -11.14 9.46 3.15 3.04 0.11 -10.01 -17.14 -14.29 6.31 11.11 22.37 15.03 2.88 1.46 1.59 0.921961 36.78 65.52 43.78 -3.71 1.53 1.76 -0.23 35.25 63.99 42.25 -5.24 15.19 37.02 21.61 2.77 1.48 1.62 0.921962 24.96 21.84 12.95 -3.55 2.98 1.52 1.44 21.98 18.86 9.97 -6.53 18.99 45.11 24.41 2.68 1.53 1.64 0.931963 7.71 -4.72 0.19 13.78 2.67 1.36 1.29 5.04 -7.39 -2.48 11.11 20.45 42.98 24.46 3.04 1.57 1.67 0.941964 19.86 29.48 27.63 0.19 2.12 0.67 1.44 17.74 27.36 25.51 -1.93 24.51 55.65 31.21 3.05 1.60 1.68 0.961965 -7.2 -11.56 -8.79 6.81 2.73 1.23 1.48 -9.93 -14.29 -11.52 4.08 22.75 49.22 28.47 3.26 1.65 1.70 0.971966 14.35 18.51 22.63 -0.49 3.11 1.65 1.44 11.24 15.40 19.52 -3.60 26.01 58.33 34.91 3.24 1.70 1.73 0.981967 11.05 19.05 16.67 4.51 3.53 1.20 2.30 7.52 15.52 13.14 0.98 28.89 69.44 40.73 3.39 1.76 1.75 1.011968 10.49 39.27 12.50 -0.27 3.92 1.92 1.96 6.57 35.35 8.58 -4.19 31.92 96.71 45.82 3.38 1.83 1.78 1.031969 -6.47 -6.90 -10.25 3.70 4.75 3.36 1.34 -11.22 -11.65 -15.00 -1.05 29.85 90.03 41.13 3.50 1.91 1.84 1.041970 23.75 104.15 24.11 -7.41 4.21 3.28 0.90 19.54 99.94 19.90 -11.62 36.94 183.80 51.04 3.24 1.99 1.90 1.051971 19.92 50.43 11.00 -1.20 5.22 4.71 0.49 14.70 45.21 5.78 -6.42 44.30 276.50 56.66 3.21 2.10 1.99 1.051972 -6.21 -31.38 -8.33 -6.52 6.57 5.90 0.63 -12.78 -37.95 -14.90 -13.09 41.55 189.73 51.94 3.00 2.24 2.11 1.061973 -2.94 -17.95 4.10 12.69 6.52 5.57 0.90 -9.46 -24.47 -2.42 6.17 40.33 155.68 54.07 3.38 2.38 2.22 1.071974 19.22 17.96 14.17 17.47 4.39 3.27 1.08 14.83 13.57 9.78 13.08 48.08 183.64 61.73 3.97 2.49 2.30 1.081975 25.23 0.20 19.14 5.55 3.84 3.41 0.42 21.39 -3.64 15.30 1.71 60.21 184.00 73.54 4.19 2.58 2.37 1.091976 -15.81 -38.33 -14.75 1.40 6.93 8.94 -1.85 -22.74 -45.26 -21.68 -5.53 50.69 113.47 62.70 4.25 2.76 2.59 1.071977 -25.48 -27.40 -26.40 5.53 8.01 12.10 -3.65 -33.49 -35.41 -34.41 -2.48 37.77 82.38 46.15 4.48 2.98 2.90 1.031978 36.65 59.51 37.26 8.50 5.80 7.13 -1.24 30.85 53.71 31.46 2.70 51.62 131.41 63.34 4.86 3.16 3.11 1.021979 17.89 49.03 23.98 11.07 5.08 5.04 0.04 12.81 43.95 18.90 5.99 60.85 195.84 78.53 5.40 3.32 3.26 1.021980 4.95 27.63 -7.26 0.90 5.13 6.68 -1.45 -0.18 22.50 -12.39 -4.23 63.86 249.95 72.83 5.45 3.49 3.48 1.001981 21.28 24.96 6.50 -4.16 7.19 8.99 -1.65 14.09 17.77 -0.69 -11.35 77.45 312.33 77.56 5.22 3.74 3.79 0.981982 8.52 41.32 18.77 9.02 10.38 13.26 -2.54 -1.86 30.94 8.39 -1.36 84.05 441.39 92.12 5.69 4.12 4.30 0.961983 28.07 40.26 32.48 13.17 11.26 12.35 -0.97 16.81 29.00 21.22 1.91 107.65 619.09 122.04 6.44 4.59 4.83 0.951984 -2.86 -1.71 -4.98 3.61 14.72 8.91 5.33 -17.58 -16.43 -19.70 -11.11 104.57 608.51 115.96 6.67 5.26 5.26 1.001985 12.49 27.84 22.09 6.52 10.53 3.83 6.45 1.96 17.31 11.56 -4.01 117.63 777.92 141.58 7.11 5.82 5.46 1.071986 24.61 34.34 22.37 -0.53 8.80 3.79 4.83 15.81 25.54 13.57 -9.33 146.58 1045.05 173.25 7.07 6.33 5.67 1.121987 6.97 -10.49 6.46 15.29 9.84 4.04 5.57 -2.87 -20.33 -3.38 5.45 156.79 935.43 184.44 8.15 6.95 5.90 1.181988 40.98 29.22 32.00 32.68 7.72 3.79 3.79 33.26 21.50 24.28 24.96 221.05 1208.76 243.46 10.82 7.49 6.12 1.221989 45.1 3.59 18.40 23.96 6.16 1.19 4.91 38.94 -2.57 12.24 17.80 320.74 1252.15 288.25 13.41 7.95 6.19 1.281990 23.11 -14.30 5.34 -2.65 5.47 4.33 1.09 17.64 -19.77 -0.13 -8.12 394.86 1073.10 303.65 13.05 8.39 6.46 1.301991 22.61 18.61 16.86 8.40 6.36 4.41 1.87 16.25 12.25 10.50 2.04 484.14 1272.80 354.84 14.15 8.92 6.74 1.321992 16.83 9.01 31.34 19.49 8.38 4.64 3.57 8.45 0.63 22.96 11.11 565.62 1387.48 466.05 16.91 9.67 7.06 1.371993 -17.85 -27.24 -3.20 7.13 7.84 6.26 1.49 -25.69 -35.08 -11.04 -0.71 464.65 1009.53 451.14 18.11 10.42 7.50 1.391994 18.89 49.09 30.66 18.39 5.60 2.98 2.54 13.29 43.49 25.06 12.79 552.43 1505.11 589.46 21.44 11.01 7.72 1.431995 -5.24 21.11 7.71 7.79 3.50 2.97 0.51 -8.74 17.61 4.21 4.29 523.48 1822.83 634.90 23.11 11.39 7.95 1.431996 25.94 19.01 9.87 15.48 2.90 2.81 0.09 23.04 16.11 6.97 12.58 659.27 2169.35 697.57 26.69 11.72 8.18 1.431997 6.08 -5.59 1.29 -7.18 3.91 2.60 1.28 2.17 -9.50 -2.62 -11.09 699.35 2048.09 706.57 24.78 12.18 8.39 1.451998 16.88 34.01 37.71 31.67 5.60 2.53 2.99 11.28 28.41 32.11 26.07 817.40 2744.64 973.01 32.62 12.86 8.60 1.501999 13.1 16.54 23.07 -0.81 5.20 3.38 1.76 7.90 11.34 17.87 -6.01 924.48 3198.61 1197.49 32.36 13.53 8.89 1.522000 13.37 23.82 33.17 15.08 5.25 1.70 3.49 8.12 18.57 27.92 9.83 1048.09 3960.51 1594.69 37.24 14.24 9.04 1.582001 21.64 -7.36 28.58 13.52 4.85 1.61 3.19 16.79 -12.21 23.73 8.67 1274.89 3669.02 2050.45 42.27 14.93 9.19 1.632002 32.7 40.55 21.04 -8.74 4.69 2.68 1.96 28.01 35.86 16.35 -13.43 1691.79 5156.81 2481.87 38.58 15.64 9.43 1.662003 -15.41 -6.20 -9.10 21.48 5.88 3.44 2.36 -21.29 -12.08 -14.98 15.60 1431.08 4837.09 2256.02 46.86 16.55 9.76 1.702004 -16.21 29.25 -11.89 4.21 3.86 1.60 2.22 -20.07 25.39 -15.75 0.35 1199.10 6251.93 1987.78 48.84 17.19 9.92 1.732005 -16.81 -11.77 -22.10 16.79 1.63 2.48 -0.83 -18.44 -13.40 -23.73 15.16 997.53 5516.08 1548.48 57.04 17.47 10.16 1.722006 37.82 74.75 28.69 2.48 1.02 2.04 -1.00 36.80 73.73 27.67 1.46 1374.80 9639.35 1992.74 58.45 17.65 10.37 1.702007 17.19 14.36 10.88 7.78 1.19 3.34 -2.08 16.00 13.17 9.69 6.59 1611.13 11023.56 2209.55 63.00 17.86 10.71 1.672008 14.39 3.26 4.91 6.42 2.98 3.34 -0.35 11.41 0.28 1.93 3.44 1842.97 11382.93 2318.04 67.05 18.39 11.07 1.662009 21.52 17.69 11.78 1.85 4.81 2.52 2.23 16.71 12.88 6.97 -2.96 2239.66 13396.57 2591.10 68.29 19.28 11.35 1.702010 18.94 -8.26 3.53 9.81 4.67 4.10 0.55 14.27 -12.93 -1.14 5.14 2663.85 12290.01 2682.57 74.99 20.18 11.82 1.712011 -44 -39.83 -36.80 24.03 1.64 -0.04 1.68 -45.64 -41.47 -38.44 22.39 1491.76 7394.90 1695.38 93.01 20.51 11.81 1.742012 30.29 36.35 26.84 -12.92 0.05 2.78 -2.66 30.24 36.30 26.79 -12.97 1943.61 10082.95 2150.42 80.99 20.52 12.14 1.69