S&P 500 Prediction 2023?

[G-Man]

I thought the beginning value of the S&P 500 in 2023 was 3839.50. The ending value is 4769.83. My calculation is 24.23% increase in 2023. I'm I doing something wrong?

 

[jollystomper]

Congratulations to




kgtest




For the Win! Just 19.83 points off.

2nd place: Jerry1 (26.17 points away)

3rd place: Ronsbusa3 (29.17 points away) - My apologies, I just realized I spelled your name wrong in the original list

All three were within a percentage point. No one else was officially within 200 points of the final result (SecondCor521's 2nd "non-standard" guess was within about 162 points), so these three are standout predictors!


We are Even Better Than The Real Thing going into 2024!

 

[Dtail]

I thought the beginning value of the S&P 500 in 2023 was 3839.50. The ending value is 4769.83. My calculation is 24.23% increase in 2023. I'm I doing something wrong?

Correct

 

[kgtest]

Correct

Got it! Fixed my mistake!

 

[G-Man]

Got it! Fixed my mistake!

Just keeping you honest. lol. All good.

 

[audreyh1]

The total return on the S&P 500 is even higher than that as it pays out over 1% in dividends annually.

 

[G-Man]

The total return on the S&P 500 is even higher than that as it pays out over 1% in dividends annually. Like ~1.43%.

So, where can you find the actual return?

 

[audreyh1]

It will be published somewhere soon. The S&P500 index funds total return will be very close, slightly under due to their very low expense ratios.

S&P 500 Year to Date Return for 2023

Year	Total Return	Price Return	Dividend Return
2023	26.29	24.23	2.06

From slickcharts https://www.slickcharts.com/sp500/returns/ytd

 

[kgtest]

I thought we had one more day.

Lol! You can go back to bed hehehehhe. Looks like the market is officially "closed" for the year/holidays. I'm calling it!

 

[SloHan]

Congratulations kgtest on the exciting win!

Your podcast is sure to be a huge hit.

 

[G-Man]

It will be published somewhere soon. The S&P500 index funds total return will be very close, slightly under due to their very low expense ratios.

S&P 500 Year to Date Return for 2023

Year	Total Return	Price Return	Dividend Return
2023	26.29	24.23	2.06

From slickcharts https://www.slickcharts.com/sp500/returns/ytd

Thank you for the link.

 

[teejayevans]

Congratulations kgtest on the exciting win!

Your podcast is sure to be a huge hit.

His podcast is going to be titled “The Fed chairman is your friend”.

The last 2 weeks has been due to Powells comments.