Source: Global Financial Data, as of 7/24/2020. MSCI World Total Return Index Level, from 12/29/2006 – 2/19/2020.
136%
99%
-57%
Dec 06
Dec 07
Dec 08
Dec 09
Dec 10
Dec 11
Dec 12
Dec 13
Dec 14
Dec 15
Dec 16
Dec 17
Dec 18
Dec 19
1,500
2,500
3,500
4,500
5,500
6,500
7,500
8,500
9,500
10,500
Bear market begins in late 2007, bottoms in early 2009
Market reaches “breakeven” recovery point from previous high in early 2013
Stocks continue to climb from early 2013 until early 2020, adding another 99%—what you’d miss by selling at “breakeven”
Bull market—from early 2009 until early 2020—yields full cumulative return of 369%
Cumulative Bull Market Return: 369%
1/4
2/4
4/4
3/4