Taking The Long View On Bonds

In the article "Why bonds should get more respect" (Finance, Nov. 13), your reporter says: "Over the past 15 years, long-term government bonds have returned 12% and the Standard & Poor's 500-stock index 16%...." He failed to mention that the difference of 4% compounded for 15 years leaves you with 50% more money in the S&P account than in the bond account.

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