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Haymaker Daily

On nominal vs. real gains

Aug 13, 2025
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Hello, Subscribers!

Since December 31, 1999, the NASDAQ Composite has roared by 432%. Even more eye-catching, is its total return of +579% with dividends reinvested. That works out to an annualized return of about 7.76%, an impressive compounding feat given the dot-com crash, the Global Financial Crisis, and Covid's whiplash.

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