It Only Took the Dow 1,939 Days to Get Back to 14,000

February 1, 2013

The headlines today are all about the Dow Jones Industrial Average clossing back over the 14,000 mark. It’s been 1,939 days since the last time the Dow closed above that mark. My daughter was 3-years old and I was still in my 30s. Wow!

As a side note, I noticed that Yahoo! Finance no longer allows the exporting of the Dow Jones History into Excel. That’s annoying.

3 responses to It Only Took the Dow 1,939 Days to Get Back to 14,000

  1. Time to sell!

  2. Should I be worried?

    On a related note, I was cleaning out some old papers, and found some 2006/2007 statements from my primary investment account. As these funds are mostly in a diversified allocation, heavily weighted to SP500, it’s quite telling to see that I’ve basically gone sideways for the past 6 years.

    I also came across a net worth statement from 2006 I had prepared for retirement planning, with a projected balance sheet going out in 15 years in 3 year increments. Not only did I not achieve the projected returns, but I did not save the projected amounts either, by a very wide margin.

    The big savings miss was largely due to lower than expected income over this period – I simply did not have the funds I expected to have to save for retirement. Interestingly, I hit the net worth target I had projected with frightening accuracy This seems largely due to making up the lost ground thru real estate appreciation, as well as returns on some of our more speculative investments.

    Which I suppose is a good example of the power of asset diversification (not just stock/bond fund diversification). My financial planner (who doesn’t know a thing about r.e. or speculative investing) is finally willing to grudgingly concede this point.

    Even though I met my target, it’s not entirely comforting, since a good deal of my NW is tied down in relatively illiquid assets. Still could certainly be worse.

  3. Does this take into account inflation? If not, then the value of my stocks still hasn’t recovered:-(.