Main Street index increases by 12% annually for past 5 years.
BANKING AND CREDIT NEWS-January 13, 2016-Main Street index increases by 12% annually for past 5 years
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BetterInvesting Top 100 Index (BIXX) has reflected the portfolios of Main Street investors, which has gained 12.3 percent annually for the previous five years, versus annual growth of 12.4 percent for the Standard & Poor's 500 Equal-Weight Index, the company said.
BIXX's total return index ended the year at 327.23, compared with 335.33 at the end of November. Without dividends reinvested, the index was 254.26 at the end of December, up 10.1 percent over five years.
The BetterInvesting Top 100 Index comprises the most popular holdings of investment clubs, employing annual data from the myICLUB.com online club accounting program. BIXX is equal-weighted, meaning that each component constitutes the same percentage in the index.
Holding quality stocks selling at reasonable prices for the long term allows clubs and individual investors to benefit from the return these stocks often earn when the market recognizes their excellence. Long-term investing also reduces the costs of trading, which effectively increases return.
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks and mutual funds, a monthly magazine and a community of volunteers and like-minded investors.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Jan 13, 2016|
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