I've been looking at YOY returns over the past 5 years for stocks, the SNP500 (how different is it to the SPY ETF?) is up 72% over the past 5 years, NDAQ is up 147% with an additional dividend of 0.43% annually, while bank stocks (TD, RY, JPM) have more modest growth of only about 20-30%, but have dividends around 3-4% annually, with the largest return I've found being TD at a growth of 34% and dividends of 4.09% annually.
My parents are big fans of bank stocks precisely because of their large dividends, but doing the math at best you'd get say a 34x(1.04^5) = 40 percent return on investment over five years.
This just seems strictly worse than keeping everything in one of the two other stocks I mentioned. Now, granted, bank stocks seem more stable and they have comparable growth over all time (is this a worthwhile metric?) but if I decide to invest over the long term (10+ years), I don't see bank stocks even with high dividends beating the large strict value increase of the SPY or NDAQ.
Is there something I'm missing? Any thoughts or advice would be greatly appreciated.
PS: is there any real appeal to VFV over any other top 500 index fund/ETF ?
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