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CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 17 March 2016

Flat as a tack


The ASX 200 (XJO) closed up by 7.6 points or 0.149 per cent yesterday at 5119.000.

There's a neat symmetry to the chart, since it is thirteen days shy of one decade since the XJO broke through 5,100 for the first time. 

Source: ASX

Over the ten years since that time Australian stocks have been through a boom, a bust, and a recovery, right back to where they started. 

Since around 2009 the stock market benchmark has been held back by a dreadful performance from the resources index, while financial and other sectors have continued to fare relatively well.

The XJO has returned about 4.6 per cent per annum from dividends over the last decade.

Assuming no transaction costs and an investment in "the index", these annualised returns would have turned a $10,000 investment into approximately $15,680 over the course of the decade.