$10,000 invested in global equity markets on January 1, 2009 – and left alone over a decade – would be $30,000 today.
$10,000 invested every year over a 4-decade long career would be $200,000 of annual income at retirement. Yes, that’s annual.
When I originally sat down to write this letter, I was in my office, thinking about how to describe the events of 2019 and what BlackRock achieved last year. Today that seems a distant reality. BlackRock’s offices globally are nearly empty and instead, I write to you in isolation from home, like millions of other people. Since January, the coronavirus has overtaken our lives and transformed our world, presenting an unprecedented medical, economic and human challenge. The implications of the coronavirus outbreak for every nation and for our clients, employees and shareholders are profound, and they will reverberate for years to come.Read more