Ok so whilst i wait for you to clear that up
which will be that you wrote that no me
forget about capitalization- I know how indexes work
it’s simple 1972
( first change in dow since 1959 is 1976)
so you buy 100 dollars worth of shares of each of the companies listed that would have been in the dow
View attachment 4176248View attachment 4176251View attachment 4176254now follow all those companies - divs - capital requests - capital adjustments - government moves- etc - wipeouts
you will probably find some aren’t in the dow now- but you already know that-
you will see some capital would be gone - blown up -
if you reinvested the divs as presumed in those simplistic graphs - you got no income it was paid in shares - so therefore big hits taken on some of those names
ie
Divs reinvested into shares all that time only to be wiped
Kodak
Gm taken over by government and existing capital squashed
Union carbide
Jist Some examples
that’s the real comparison
nothing will beat a basket that is always changed when poor performing companies which don’t add to the index are removed or new bigger growth stocks come along
then compare that to 3000 worth of gold purchased
it won’t be 16000 percent vs gold in that timeframe
as I said it’s all about when you get in or out of anything and comparing a basket that changes constantly since a comparison began Jist delivers irrelevant inaccuracy info
