The ASX 200 is stuck in the mud – but investors keep winning
The ASX 200 has been moving sideways for three-and-a-half years but dividends and franking credits mean investors are likely to have earned nearly 9 per cent a year.
Ancient sailors dreaded the doldrums, a region near the equator whose atmospheric peculiarities would rob them of wind, leaving boats becalmed while the crew watched their supplies dwindle and cabin fever took hold.
It took patience and faith that conditions would eventually improve to see them through without doing anything they’d regret.
