Back in September last year I discussed the idea that the last decade was a lost decade as far as investment returns were concerned. Back then the MSCI World Index was outperforming the S&P 500 with almost twice the rate of return over the last ten years. And I had been outperforming both indices over that timespan. Now, 10 months on, the picture has changed a lot thanks to the ongoing European crisis and the underperformance of the Australian market:
The S&P 500 has caught up a lot and now has a 4.42% rate of return over the last decade, which at least beats inflation. This partly reflects, however, that June 2002 was in the depths of the "tech crash". The MSCI is now on 5.2% up from 4.15% last September. And I am at 4.54%, down from 4.61%.