{"id":1960,"date":"2024-01-18T06:17:12","date_gmt":"2024-01-18T06:17:12","guid":{"rendered":"http:\/\/localhost\/dpetkovski\/?p=1960"},"modified":"2024-07-03T18:28:59","modified_gmt":"2024-07-03T18:28:59","slug":"cash-vs-stocks-in-30-years","status":"publish","type":"post","link":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/","title":{"rendered":"Cash vs Stocks in 30 Years"},"content":{"rendered":"<p>Cash or stocks &#8211; hoard or invest?<\/p>\n<p>This discussion comes up so often that an analysis post was due.<\/p>\n<p>While I don&#8217;t necessarily consider a 100% stock portfolio to be the best investing approach, it will definitely prove a point about assets outperforming cash over the long-term.<\/p>\n<p>Without further ado, let&#8217;s break down a case.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_60 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-674cae058d0e7\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-674cae058d0e7\"  type=\"checkbox\" id=\"item-674cae058d0e7\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/#The_Case\" title=\"The Case\">The Case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/#Cash_Performance_in_30_Years\" title=\"Cash Performance in 30 Years\">Cash Performance in 30 Years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/#Stock_Market_Performance_in_30_Years\" title=\"Stock Market Performance in 30 Years\">Stock Market Performance in 30 Years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/#Afterword\" title=\"Afterword\">Afterword<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Case\"><\/span>The Case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>What we&#8217;ll analyze is a person&#8217;s net-worth if it&#8217;s allocated in one of two different asset classes: cash and stocks.<\/p>\n<p>For the purposes of this post, we&#8217;ll assume that the person has access to $10k, tax free, and he has no plans of spending them in near future. The goal is to see which strategy will help him maintain his wealth better and maybe even increase it in the process.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cash_Performance_in_30_Years\"><\/span>Cash Performance in 30 Years<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>So, let&#8217;s say you had $10k available 30 years ago.<\/p>\n<p>Keeping them in your bank account would mean that today you&#8217;d have $10k. Great job on not losing them. Here&#8217;s a chart to visualize the performance of your <em>portfolio<\/em> over the years:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1963\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/01\/CashPerformance.png\" alt=\"cash-vs-stocks\" width=\"957\" height=\"537\" \/><\/p>\n<p>No surprises there.<\/p>\n<p>However, the value of the piece of paper we call a bill is not absolute. It&#8217;s determined by what it can actually buy.<\/p>\n<p>And whatever meant $10k 30 years ago doesn&#8217;t mean $10k today. In other words: the purchasing power of $10k is much lower today than it was 30 years ago. To put it into perspective by going a few decades back, an average house in the US costed around $17k in 1963.<\/p>\n<p>In what we learned to call &#8220;a healthy economy&#8221;, the <a href=\"https:\/\/dpetkovski.com\/inflation-explained\">inflation<\/a> rate is 2-3% per year. I&#8217;ll use 2% as a less extreme example:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1964\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/01\/CashInflation.png\" alt=\"cash-vs-stocks\" width=\"1011\" height=\"578\" \/><\/p>\n<p>Not cool. And the red line is not a coincidence.<\/p>\n<p>But you don&#8217;t have to trust a guy producing simple charts in Excel. Go to any inflation calculator, enter the years of interests and see what actually happens with the value of the money.<\/p>\n<p>I used\u00a0<a href=\"https:\/\/westegg.com\/inflation\/\">The Inflation Calculator at westegg.com<\/a>, and this is the result I got for a 30 year period:<\/p>\n<blockquote><p>What cost $10000 in 1988 would cost $21427.27 in 2018.<br \/>\nAlso, if you were to buy exactly the same products in 2018 and 1988,<br \/>\nthey would cost you $10000 and $4568.32 respectively.<\/p><\/blockquote>\n<p>Seems like I was actually quite optimistic with my Excel charts.<\/p>\n<p>Long story short: keeping your wealth in cash will reduce your purchasing power because of <a href=\"https:\/\/dpetkovski.com\/inflation-explained\">inflation<\/a>.<\/p>\n<p>Now okay, n00bs can &#8220;hedge&#8221; against inflation by using their bank&#8217;s savings account. Thirty years ago it might&#8217;ve made sense, but the rates offered nowadays hardly match the <a href=\"https:\/\/dpetkovski.com\/how-the-money-printer-makes-you-poor\">devaluation of the currency<\/a>. Nevertheless, I&#8217;ll just assume that somehow you beat inflation and conserved the purchasing power of your money. So I&#8217;ll use $10k for the cash, although that amount can buy less than half of what it could 30 years ago.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stock_Market_Performance_in_30_Years\"><\/span>Stock Market Performance in 30 Years<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For this example, we will use the S&amp;P 500 index as a benchmark and will assume a lump-sum of $10k for 30 years.<\/p>\n<p><a href=\"https:\/\/investor.vanguard.com\/home\/\">Vanguard<\/a> introduced the first fund to track the S&amp;P 500 in 1976, so individual investors had the option to &#8220;<a href=\"https:\/\/dpetkovski.com\/index-investing-index-funds-a-gentle-introduction\/\">buy the market<\/a>&#8221; conveniently.<\/p>\n<p>Let&#8217;s see the actual performance of $10k if we were to dump them in the stock market:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1965\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/01\/StocksPerformance.png\" alt=\"cash vs stocks\" width=\"1136\" height=\"649\" \/><\/p>\n<p>Boom, there are those compounded 10% annual returns!<\/p>\n<p>In regards to total returns, we&#8217;re looking at more than 2000% gains over the years. And for a long time, there was no other vehicle for maintaining your wealth like the stock market &#8211; and a diversified index as its representative.<\/p>\n<p><strong>Your $10k\u00a0would be worth $177k after 30 years.<\/strong><\/p>\n<p>The chart was created by downloading a CSV using the <a href=\"https:\/\/dqydj.com\/sp-500-dividend-reinvestment-and-periodic-investment-calculator\/\">DQYDJ DCA Calculator<\/a>\u00a0with a lump-sum of $10k and 0$ in further ongoing contributions. And\u00a0<a href=\"https:\/\/dqydj.com\/sp-500-periodic-reinvestment-calculator-dividends\/\">it includes dividends paid, dividend taxes, capital gains taxes, management fees, and inflation<\/a>.<\/p>\n<p>And I have to point out that this is a period with two severe recessions: the dot-com crash and the great recession. And holding your wealth in assets was still the clear winner. Let&#8217;s go to the unanimous decision and make it official.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Is a picture worth thousand words?<\/p>\n<p>Here&#8217;s the comparison of the two approaches:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1966\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/01\/SP500vsCash.png\" alt=\"cash vs stocks\" width=\"1139\" height=\"714\" \/><\/p>\n<p>And remember that we&#8217;re comparing an\u00a0<strong>inflation adjusted stock portfolio <\/strong>vs a straight line that somehow beat inflation and kept its value over the years.<\/p>\n<p><strong>TLDR: Stocks beat cash in the long-term.<\/strong><\/p>\n<hr \/>\n<p>Btw, the time period is not cherry-picked. I&#8217;ve actually excluded the stellar performance of the stock market in more recent years.<\/p>\n<p>Nevertheless, you&#8217;d come to the same conclusion even if you start measuring right before any recession.<\/p>\n<p>Long-term returns always overshadow any short-term losses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Afterword\"><\/span>Afterword<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is no 30 year period in which cash outperformed the total stock market.<\/p>\n<p>If anyone is worried about entering the market right before a recession, he should learn about <a href=\"https:\/\/dpetkovski.com\/dca-dollar-cost-averaging-investment-strategy-explained\">DCAing<\/a>. But more importantly, if anyone is worried about losing money, he should learn <a href=\"https:\/\/dpetkovski.com\/how-the-money-printer-makes-you-poor\">how they&#8217;re created<\/a>.<\/p>\n<p>And of course, we know that <em>past performance doesn&#8217;t guarantee future results<\/em>. But if we&#8217;re using quotes to prove a point, we also know that <em>time in the market beats timing the market<\/em>.<\/p>\n<p>Continue learning, DYOR, and build long-term wealth the smart way.<\/p>\n<p>Good luck!<\/p>\n<hr \/>\n<p><em>For a comprehensive, beginner-friendly, and <strong>free resource<\/strong> on stock market investing, visit:\u00a0<\/em><\/p>\n<p><a href=\"https:\/\/dpetkovski.com\/how-to-start-investing-a-complete-beginner-series\/\"><em><strong>How to Start Investing: A Complete Beginner Series<\/strong><\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash or stocks &ndash; hoard or invest? This discussion comes up so often that an analysis post was due. While I don&rsquo;t necessarily consider a 100% stock portfolio to be the best investing approach, it will definitely prove a point about assets outperforming cash over the long-term. Without further ado, let&rsquo;s break down a case.&nbsp;&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17],"tags":[],"ppma_author":[4],"class_list":["post-1960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","category-stocks-etfs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cash vs Stocks in 30 Years - D. Petkovski<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cash vs Stocks in 30 Years - D. Petkovski","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/#article","isPartOf":{"@id":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/"},"author":{"name":"D. Petkovski","@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"headline":"Cash vs Stocks in 30 Years","datePublished":"2024-01-18T06:17:12+00:00","dateModified":"2024-07-03T18:28:59+00:00","mainEntityOfPage":{"@id":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/"},"wordCount":891,"publisher":{"@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"articleSection":["Investing","Stocks &amp; ETFs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/","url":"http:\/\/localhost\/dpetkovski\/cash-vs-stocks-in-30-years\/","name":"Cash vs Stocks in 30 Years - D. 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Petkovski","description":"","publisher":{"@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/localhost\/dpetkovski\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049","name":"D. Petkovski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/image\/23494c9101089ad44ae88ce9d2f56aac","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"D. Petkovski"},"logo":{"@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/image\/23494c9101089ad44ae88ce9d2f56aac"},"description":"D. Petkovski \ud83d\udcd3 The Author\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Husband &amp; Father Software Engineer\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0StrengthCentric Bitcoin Hodler\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0DeFi Veteran \u00a0 \ud83c\udf0d Everything Enthusiast \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\ud83d\udd25 Optimist Revolutionizing ideas. Simplifying complexity. Sharing knowledge.","sameAs":["https:\/\/facebook.com\/dpetkovski","https:\/\/www.instagram.com\/strengthcentric\/","https:\/\/twitter.com\/petkovskix"],"url":"http:\/\/localhost\/dpetkovski\/author\/petkovski\/"}]}},"authors":[{"term_id":4,"user_id":1,"is_guest":0,"slug":"petkovski","display_name":"D. Petkovski","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"","first_name":"","description":"<span style=\"font-size: 23px\">D. Petkovski<\/span> <br> <br>\r\n\r\n\ud83d\udcd3 The Author\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0  \u00a0 \u00a0 \u00a0 \u00a0<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f46a.svg\" alt=\"\ud83d\udc6a\" \/> Husband &amp; Father <\/span>\r\n<br>\r\n<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5a5.svg\" alt=\"\ud83d\udda5\ufe0f\" \/> Software Engineer\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4aa.svg\" alt=\"\ud83d\udcaa\" \/><\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0StrengthCentric <\/span>\r\n<br>\r\n<span class=\"r-18u37iz\"><img class=\"r-4qtqp9 r-dflpy8 r-zw8f10 r-10akycc r-h9hxbl r-9cviqr\" src=\"https:\/\/abs.twimg.com\/hashflags\/Bitcoin_evergreen\/Bitcoin_evergreen.png\" alt=\"\" width=\"20\" height=\"20\" \/> <\/span> Bitcoin <span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">Hodler\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0   \u00a0                            \u00a0 \u00a0 \u00a0<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4c8.svg\" alt=\"\ud83d\udcc8\" \/><\/span>\u00a0<span class=\"r-18u37iz\">DeFi<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"> Veteran <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0<\/span>\r\n<br>\r\n\ud83c\udf0d Everything Enthusiast              \u00a0 \u00a0 \u00a0 \u00a0   \u00a0 \u00a0 \u00a0              \u00a0   \u00a0\ud83d\udd25 Optimist <br><br>\r\n\r\nRevolutionizing ideas. Simplifying complexity. Sharing knowledge. \r\n"}],"_links":{"self":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/1960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/comments?post=1960"}],"version-history":[{"count":8,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/1960\/revisions"}],"predecessor-version":[{"id":3431,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/1960\/revisions\/3431"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/media\/1961"}],"wp:attachment":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/media?parent=1960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/categories?post=1960"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/tags?post=1960"},{"taxonomy":"author","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/ppma_author?post=1960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}