Monday, 6 February 2012

Diamond share price rise or paste?

What has the Queen done with our shares in 60 years?

The FT30 share index, the oldest one in the world, stood at 115.8 in 1952 and it closed at 2009.4 on Friday.

That's a big rise. It has multiplied by 17 times, or risen by 1,600%.

However, as far as I can see, prices as measured by the Retail Prices Index or RPI are 23 times higher than in February, 1952.

That's a 2,300% increase. Not so good.

One thought, though, the FT30 index rise doesn't include the dividends you would have earned in that time.

Add in dividend income over 60 years and you'd be well in the money.

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