Hand Held
As we enter the second decade of the 21st Century, Wall Street is in an upbeat mood since the financial upheaval experienced in late 2008. Bringing good news to investors and Governments around the World, but the bad news is that the first decade of the 21st Century a decade were stocks had an average of a minus 10% return.
Much has happened since the start of the new millennium, and the heady first years of a credit boom, that somehow went bust in late 2008. And Wall Street has illustrated one illusion that investing in stocks during this period was good business.
By the close of 2009, an estimated average of 10% has been lost on existing stocks traded by Wall Street. An investor who bought 100 US Dollars of stocks in 2000, today would have 90 US$, worth of stocks today. Counting for ten years of inflation, this spells bad news for investors.
These figures do not include Enron, General Motors, AIG and Citigroup which ruined many investors, who held their stocks, and this tells a very different story from the upbeat mood shown on Wall Street at the moment.
Many people who in fact invested in Wall Street, were ordinary people, who were looking for ways to boost their incomes, especially during the period when interest rates on the dollar were lower, than inflation. They lost millions investing in Wall Streets current biggest losers General Electric, Du Pont and a global soft drinks giant.
Some people are smiling at the end of this turbulent decade, the financial crisis of 2008, has stabilized, as real fears of the collapse of the Global financial system have subsided.
The biggest winners of th
e decade have been United Technologies group, where if you invested 100 U$ Dollars back in 2000, now have a return of over 250 US$.
But the losers have been more than the winners, and the biggest losers being once the pillars of stability, Banks. Once considered safe, now like Citigroup valued once at a high at 55 US Dollars a stock, today a C Stock valued at 3.40 US Dollars- a symbol of plain financial bad management.
The next decade could remake Wall Street, as investors looking at their financial balance sheets for the decade, simply look elsewhere for higher returns. And this could become the era of private venture capital, and investing in emerging markets like Brazil.
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