Unrealized Gains in Domestic Equity Mutual Funds are Booming
During this decade, the public’s average purchase price of domestic equity mutual funds has been below current market levels. This is especially true over the last few years. So, the public has been profiting handsomely from the rise in the stock market and the “wealth effect” is still “supercharging” the economy.
Untitled
Market Facts — July 20, 1999
Unrealized Gains in Domestic Equity Mutual Funds are Booming During this decade, the public’s average purchase price of domestic equity mutual funds has been below current market levels. This is especially true over the last few years. So, the public has been profiting handsomely from the rise in the stock market and the “wealth effect”… Continue reading Untitled