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2019 Q4 - Investment Letter (Rising Global Wealth)
The S&P 500 Index returned 9.07% and the S&P Global Broad Market Index returned 9.14% in the quarter ended December 31, 2019.[1] As of this writing, the decade of the 2010s is history. And what a decade it was for stock market investors! During the 2010s, the S&P 500 generated an exceptional 13.56% per year …