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How good are common stocks on the NYSE 40-year study
The Journal of Business previews a Center for Research in Security Prices report showing a 9.3 percent average annual return from 1926 to 1965 for all NYSE common stocks, with 12.6 percent in the postwar 1945–1965 window. It notes risks, taxes, reinvestment effects, and that outcomes vary by year and investor tax cases.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Journal of Business
University of Chicago Press
Center For Research In
Lawrence Fisher
James H. Lorie
Our
Fisher and
Lorie
Savings and Loan Associations
RCE, Fenner & Smith Inc