80 • MARTIN H. RUBY
So what happened to someone who, in 1929, had $100 invested in the stock market? Five years after the Great Depression started, his $100 has been reduced to $53. He lost 47 percent of his money. Miraculously, after eight years, he’d be back to a little above break-even. The market has rallied and in 1937 he finally had more money than he started with. Then the market crashed again. At the end of 1938, he’d have $84.64 in his pocket. What a decade! Put another way, $100 invested in the stock market at the be- ginning of 1929 was worth about $35 by 1932. Despite the recov- ery that followed, by the end of the decade in 1938, your $100 investment was worth about $85.
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