Subject: Re: John Mauldin, interesting thoughts
“A $10,000 investment in the S&P 500 in 1960 would have grown to $5.1 million in 2023 with reinvested dividends. That figure plummets to just $796,000 if dividends had been taken as cash.”

Testfol.io is similar, with VFINX 1976 to now. https://testfol.io/?s=lwQgJZ7P...

I have the question of how much money the cash taken as dividends totals to. I could figure it out with my SPX spreadsheet, but I don't have access to it right now.