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The final day of trading on the stock markets had ended. The Dow closed down about 70 points. But let's take a look back on 2011, a volatile economic year if there ever was one. For the year, the DJIA was up 5.6%, despite all the turmoil. If you had put $1,000 in an index fund that tracks the Dow, you would have made fifty-six bucks! More importantly, you would have stayed ahead of the rate of inflation or about 3.4 percent. So your return would have legitimately increased your wealth.
For comparison, you would have had a tough time getting even 1 percent on a 12-month CD.
This doesn't factor in dividends — the money you get paid to hold a company's stock — and if historical averages are anything to go by, simple stock price appreciation in the Dow suggests that a percentage slightly below 5 percent is to be expected (although there will be both much better and much worse years). So in the end, 2011 beat the historical return and beat the rate of inflation.
What are car shows like the LA Auto Show all about? Sure, there are plain old sedans and minivans and pickup trucks. But there's also some hotter fare. Much hotter fare.
The LA Show gives automakers a chance to show off what they've got, in a city that's always had a love affair with the automobile. Run through the slide show for a sampling of some thrilling rides that you'll definitely want to check out when you come down to show this weekend or next week (it opens to the public on Friday, Nov. 18).