Commentary
In 2022, the S&P 500 Index returned -19.64 percent. If you run the same numbers and include dividend reinvestment, the sting was a little less, with a return of -18.32 percent.  Not great, for sure.
Those kinds of returns have people asking questions about how they are invested. To be clear, if you get a return of +19.64 percent this year, you aren’t “even.” You still lost money because you are calculating return off of a lower base number. You actually need a return of roughly 35 percent to break even. It is best to shrug last year off and put it in the rear-view mirror….