1996 was a great year for Stocks. My performance was 13.8 percent which I consider excellent considering my overall portfolio consists of about 60 percent stocks and 40 percent bonds , preferred stocks, and money market accounts.
The Dow Industrials returned 16 percent while the S&P 500 returned 14 percent. The NASDAQ's performance was 9.5 percent.
Using the rule of 72 my portfolio would double every 5.2 years if I could achieve a 13.8 percent return every year. I know this is unrealistic without taking on much more risk than I care to incur. So I will start the new year with the same approach I have used for the past 14 years, broad diversification throughout my portfolio and reinvesting dividends and interest.
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