Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

S&P 500 Dividend Reinvestment Inflation-Adjusted Data

A Look at Inflation-Adjusted S&P 500 Data for 1960 Through 2010 and Dividend Reinvestment vs. Non Dividend Reinvestment

I am working on my What is a mutual fund? category at About.com and a thought struck me.  I wanted to go back and look at the most recent investing lifetime (the 50 year period between 1960 and 2010).  I imagined that an investor could have bought the S&P 500 stock market index (obviously you can’t…

Read more
German Mark Inflation

The Money Illusion – Why Thinking About Things In Nominal Currency Can Destroy Your Net Worth

In 1928, Irving Fisher published The Money Illusion (seriously, buy it – it’s only $7.95), which discussed the human fallacy of thinking about things in the nominal currency of your home country instead of in terms of purchasing power.  The concept phrase “money illusion” was coined by legendary investor and economist John Maynard Keynes. The…

Read more

Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory