Is there a hard threshold? Do high risk investments such as penny stocks qualify as gambling? Do low risk investments? Annuities? Bonds? CDs?
This comment got me wondering.
Is it more to do with the venue? Stock markets and real estate vs casinos and the lottery?
Were the MIT Blackjack Team gambling or investing?
Is this just another semantic hotdogs are sandwiches discussion or is there an agreed threshold?
“25 years”
1961 to 1988. Inflation adjusted, it was 749 in 1961 and 723 in 1988.
27 years.
https://www.macrotrends.net/2324/sp-500-historical-chart-data
My challenge didn’t include inflation. Though I did mention it prior to that, so it’s an easy assumption to make.
That’s also just the S&P500, which isn’t even all US stocks, let alone international. But I did previously mention it as the minimum of “broad”. I’ll accept that as well.
So with some asterics, I congratulate you.
That always must be assumed. Otherwise you could claim Zimbabwe had the best return on investment over the past 20 years.