ECM90
Well-Known Member
And that goes for any mutual fund. You can't really look at the stock price to see performance. Your portfolio manager could sell half your stocks and have the mutual fund price go way down but you would have double the shares because when he sold them that's your money, and that money is set to reinvest which equals more shares.
Ie. NICSX share price was still in the $60 range in 2005. Meaning it has barely had a 10% growth if you were just looking at share price. So using that model, $10,000 would be around $11,000 in 10 years with only taking a look at the share price.
However this is not the case. 10k invested in NICSX in 2005 would be 27k today. Fact, not speculation. You have to look at dividends and capital gains. You would have way more shares of the stock today than in 2005 without contributing a penny. That's why.
Ie. NICSX share price was still in the $60 range in 2005. Meaning it has barely had a 10% growth if you were just looking at share price. So using that model, $10,000 would be around $11,000 in 10 years with only taking a look at the share price.
However this is not the case. 10k invested in NICSX in 2005 would be 27k today. Fact, not speculation. You have to look at dividends and capital gains. You would have way more shares of the stock today than in 2005 without contributing a penny. That's why.
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