US stocks were the best place to have had your money over the past 30 years, but the surprise performer of the past year was listed Australian property, which shot out of the doldrums on the back of easing inflation and data centres.
An investor who put $10,000 in the S&P 500 on July 1, 1994 would have earned $237,000 by June 30 this year, according to exclusive analysis by Vanguard Australia for AFR Weekend. That’s an annual rate of return of 11.1 per cent and a total of more than 2200 per cent.
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Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
