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AÑO IBEX35 IBEX35 TR DIVIDENDO 10 € 10 €
1993 54,20% 61,00% 6,80% 15 € 16 €
1994 -14,60% -11,70% 2,90% 13 € 14 €
1995 17,59% 22,38% 4,79% 15 € 17 €
1996 41,97% 47,05% 5,08% 22 € 26 €
1997 40,75% 44,46% 3,71% 31 € 37 €
1998 35,60% 38,60% 3,00% 42 € 51 €
1999 18,35% 20,08% 1,73% 50 € 62 €
2000 -21,75% -20,54% 1,21% 39 € 49 €
2001 -7,82% -6,06% 1,76% 36 € 46 €
2002 -28,11% -26,50% 1,61% 26 € 34 €
2003 28,17% 32,19% 4,02% 33 € 45 €
2004 17,37% 21,09% 3,72% 39 € 54 €
2005 18,20% 21,98% 3,78% 46 € 66 €
2006 31,79% 36,04% 4,25% 60 € 90 €
2007 7,32% 10,71% 3,39% 65 € 99 €
2008 -39,43% -36,50% 2,93% 39 € 63 €
2009 29,84% 38,27% 8,43% 51 € 87 €
2010 -17,43% -12,93% 4,50% 42 € 76 €
2011 -13,11% -7,75% 5,36% 37 € 70 €
2012 -4,66% 2,78% 7,44% 35 € 72 €
2013 21,42% 27,75% 6,33% 42 € 92 €
2014 3,66% 8,62% 4,96% 44 € 100 €
2015 -7,15% -3,55% 3,60% 41 € 96 €
2016 -2,01% 2,60% 4,61% 40 € 99 €
2017 7,40% 11,25% 3,85% 43 € 110 €
Rentabilidad Compuesta Anual IBEX35
Valor Inicial 10 €
Valor Final 43 €
Tiempo 25
Rentabilidad 5,99%
Rentabilidad Compuesta Anual IBEX35 TR
Valor Inicial 10 €
Valor Final 110 €
Tiempo 25
Rentabilidad 10,06%
Rentabilidad Total Acumulada
IBEX 35 328%
IBEX 35 TR 999%
AÑOS BAJISTAS
8 32%
AÑO SP500 SP 500 TR DIVIDENDO 10 € 10 €
1993 7,06% 10,08% 3,02% 11 € 11 €
1994 -1,54% 1,32% 2,86% 11 € 11 €
1995 34,11% 37,58% 3,47% 14 € 15 €
1996 20,26% 22,96% 2,70% 17 € 19 €
1997 31,01% 33,36% 2,35% 22 € 25 €
1998 26,67% 28,58% 1,91% 28 € 32 €
1999 19,53% 21,04% 1,51% 34 € 39 €
2000 -10,14% -9,10% 1,04% 30 € 36 €
2001 -13,04% -11,89% 1,15% 26 € 31 €
2002 -23,37% -22,10% 1,27% 20 € 24 €
2003 26,38% 28,68% 2,30% 26 € 31 €
2004 8,99% 10,88% 1,89% 28 € 35 €
2005 3,00% 4,91% 1,91% 29 € 37 €
2006 13,62% 15,79% 2,17% 33 € 42 €
2007 3,53% 5,49% 1,96% 34 € 45 €
2008 -38,49% -37,00% 1,49% 21 € 28 €
2009 23,45% 26,46% 3,01% 26 € 36 €
2010 12,78% 15,06% 2,28% 29 € 41 €
2011 0,00% 2,11% 2,11% 29 € 42 €
2012 13,41% 16,00% 2,59% 33 € 49 €
2013 29,60% 32,39% 2,79% 42 € 64 €
2014 11,39% 13,69% 2,30% 47 € 73 €
2015 -0,73% 1,38% 2,11% 47 € 74 €
2016 9,54% 11,96% 2,42% 51 € 83 €
2017 19,42% 21,83% 2,41% 61 € 101 €
Rentabilidad Compuesta Anual SP500
Valor Inicial 10 €
Valor Final 61 €
Tiempo 25
Rentabilidad 7,53%
Rentabilidad Compuesta Anual SP500 TR
Valor Inicial 10 €
Valor Final 101 €
Tiempo 25
Rentabilidad 9,69%
Rentabilidad Total Acumulada
SP500 514%
SP500 TR 910%
AÑOS BAJISTAS
4 15%
AÑO DAX30 10 €
1993 46,71% 15 €
1994 -7,06% 14 €
1995 6,99% 15 €
1996 28,17% 19 €
1997 47,11% 28 €
1998 17,71% 32 €
1999 39,10% 45 €
2000 -7,54% 42 €
2001 -19,79% 33 €
2002 -43,94% 19 €
2003 37,08% 26 €
2004 7,34% 28 €
2005 27,07% 35 €
2006 21,98% 43 €
2007 22,29% 52 €
2008 -40,37% 31 €
2009 23,85% 39 €
2010 16,06% 45 €
2011 -14,69% 38 €
2012 29,06% 49 €
2013 25,48% 62 €
2014 2,65% 63 €
2015 9,56% 70 €
2016 6,87% 74 €
2017 12,51% 84 €
Rentabilidad Compuesta Anual DAX30
Valor Inicial 10 €
Valor Final 84 €
Tiempo 25
Rentabilidad 8,87%
Rentabilidad Total Acumulada
DAX 30 736%
AÑOS BAJISTAS
6 24%
AÑO INFLACIÓN ESP BM 1 €
1993 4,569% 0,954 €
1994 4,718% 0,909 €
1995 4,675% 0,867 €
1996 3,559% 0,836 €
1997 1,971% 0,819 €
1998 1,834% 0,804 €
1999 2,311% 0,786 €
2000 3,433% 0,759 €
2001 3,591% 0,732 €
2002 3,067% 0,709 €
2003 3,040% 0,688 €
2004 3,037% 0,667 €
2005 3,370% 0,644 €
2006 3,515% 0,622 €
2007 2,787% 0,604 €
2008 4,076% 0,580 €
2009 -0,288% 0,581 €
2010 1,800% 0,571 €
2011 3,196% 0,553 €
2012 2,446% 0,539 €
2013 1,409% 0,532 €
2014 -0,151% 0,532 €
2015 -0,500% 0,535 €
2016 -0,203% 0,536 €
2017 1,960% 0,526 €
MEDIA 2,529% -47,45%
AÑO INFLACIÓN USA BM 1 €
1993 2,952% 0,970 €
1994 2,607% 0,945 €
1995 2,805% 0,919 €
1996 2,931% 0,892 €
1997 2,338% 0,871 €
1998 1,552% 0,857 €
1999 2,188% 0,839 €
2000 3,377% 0,810 €
2001 2,826% 0,787 €
2002 1,586% 0,775 €
2003 2,270% 0,757 €
2004 2,677% 0,737 €
2005 3,393% 0,712 €
2006 3,226% 0,689 €
2007 2,853% 0,669 €
2008 3,839% 0,644 €
2009 -0,356% 0,646 €
2010 1,640% 0,635 €
2011 3,157% 0,615 €
2012 2,069% 0,603 €
2013 1,465% 0,594 €
2014 1,622% 0,584 €
2015 0,119% 0,583 €
2016 1,262% 0,576 €
2017 2,130% 0,564 €
MEDIA 2,261% -43,62%
AÑO INFLACIÓN DEU BM 1 €
1993 4,435% 0,956 €
1994 2,745% 0,929 €
1995 1,724% 0,913 €
1996 1,446% 0,900 €
1997 1,880% 0,883 €
1998 0,936% 0,875 €
1999 0,570% 0,870 €
2000 1,471% 0,857 €
2001 1,984% 0,840 €
2002 1,421% 0,828 €
2003 1,034% 0,820 €
2004 1,666% 0,806 €
2005 1,547% 0,794 €
2006 1,577% 0,781 €
2007 2,298% 0,763 €
2008 2,628% 0,743 €
2009 0,313% 0,741 €
2010 1,104% 0,733 €
2011 2,075% 0,717 €
2012 2,008% 0,703 €
2013 1,505% 0,692 €
2014 0,907% 0,686 €
2015 0,234% 0,684 €
2016 0,483% 0,681 €
2017 1,740% 0,669 €
MEDIA 1,589% -33,07%
AÑO IBEX35 TR INFLACIÓN BM IBEX35 TR REAL 10 €
1993 61,00% 4,569% 56,431% 16 €
1994 -11,70% 4,718% -16,418% 13 €
1995 22,38% 4,675% 17,705% 15 €
1996 47,05% 3,559% 43,491% 22 €
1997 44,46% 1,971% 42,489% 31 €
1998 38,60% 1,834% 36,766% 43 €
1999 20,08% 2,311% 17,769% 51 €
2000 -20,54% 3,433% -23,973% 39 €
2001 -6,06% 3,591% -9,651% 35 €
2002 -26,50% 3,067% -29,567% 25 €
2003 32,19% 3,040% 29,150% 32 €
2004 21,09% 3,037% 18,053% 37 €
2005 21,98% 3,370% 18,610% 44 €
2006 36,04% 3,515% 32,525% 59 €
2007 10,71% 2,787% 7,923% 63 €
2008 -36,50% 4,076% -40,576% 38 €
2009 38,27% -0,288% 38,558% 52 €
2010 -12,93% 1,800% -14,730% 45 €
2011 -7,75% 3,196% -10,946% 40 €
2012 2,78% 2,446% 0,334% 40 €
2013 27,75% 1,409% 26,341% 50 €
2014 8,62% -0,151% 8,771% 55 €
2015 -3,55% -0,500% -3,050% 53 €
2016 2,60% -0,203% 2,803% 54 €
2017 11,25% 1,960% 9,290% 60 €
2017 11,25% 1,960% 9,290% 65 €
Rentabilidad Compuesta Anual IBEX35 TR
Valor Inicial 10 €
Valor Final 65 €
Tiempo 25
Rentabilidad 7,78%
Rentabilidad Total Acumulada
551%
AÑO SP 500 TR INFLACIÓN SP 500 TR REAL 10 €
1993 10,08% 2,952% 7,13% 11 €
1994 1,32% 2,607% -1,29% 11 €
1995 37,58% 2,805% 34,78% 14 €
1996 22,96% 2,931% 20,03% 17 €
1997 33,36% 2,338% 31,02% 22 €
1998 28,58% 1,552% 27,03% 28 €
1999 21,04% 2,188% 18,85% 34 €
2000 -9,10% 3,377% -12,48% 30 €
2001 -11,89% 2,826% -14,72% 25 €
2002 -22,10% 1,586% -23,69% 19 €
2003 28,68% 2,270% 26,41% 24 €
2004 10,88% 2,677% 8,20% 26 €
2005 4,91% 3,393% 1,52% 27 €
2006 15,79% 3,226% 12,56% 30 €
2007 5,49% 2,853% 2,64% 31 €
2008 -37,00% 3,839% -40,84% 18 €
2009 26,46% -0,356% 26,82% 23 €
2010 15,06% 1,640% 13,42% 26 €
2011 2,11% 3,157% -1,05% 26 €
2012 16,00% 2,069% 13,93% 30 €
2013 32,39% 1,465% 30,93% 39 €
2014 13,69% 1,622% 12,07% 44 €
2015 1,38% 0,119% 1,26% 44 €
2016 11,96% 1,262% 10,70% 49 €
2017 21,83% 2,130% 19,70% 58 €
Rentabilidad Compuesta Anual SP500 TR
Valor Inicial 10 €
Valor Final 58 €
Tiempo 25
Rentabilidad 7,31%
Rentabilidad Total Acumulada
484%
AÑO DAX30 INFLACIÓN DAX30 REAL 10 €
1993 46,71% 4,435% 42,28% 14 €
1994 -7,06% 2,745% -9,81% 13 €
1995 6,99% 1,724% 5,27% 14 €
1996 28,17% 1,446% 26,72% 17 €
1997 47,11% 1,880% 45,23% 25 €
1998 17,71% 0,936% 16,77% 29 €
1999 39,10% 0,570% 38,53% 40 €
2000 -7,54% 1,471% -9,01% 37 €
2001 -19,79% 1,984% -21,77% 29 €
2002 -43,94% 1,421% -45,36% 16 €
2003 37,08% 1,034% 36,05% 21 €
2004 7,34% 1,666% 5,67% 22 €
2005 27,07% 1,547% 25,52% 28 €
2006 21,98% 1,577% 20,40% 34 €
2007 22,29% 2,298% 19,99% 41 €
2008 -40,37% 2,628% -43,00% 23 €
2009 23,85% 0,313% 23,54% 29 €
2010 16,06% 1,104% 14,96% 33 €
2011 -14,69% 2,075% -16,77% 27 €
2012 29,06% 2,008% 27,05% 35 €
2013 25,48% 1,505% 23,98% 43 €
2014 2,65% 0,907% 1,74% 44 €
2015 9,56% 0,234% 9,33% 48 €
2016 6,87% 0,483% 6,39% 51 €
2017 12,51% 1,740% 10,77% 57 €
Rentabilidad Compuesta Anual SP500 TR
Valor Inicial 10 €
Valor Final 57 €
Tiempo 25
Rentabilidad 7,19%
AÑO IBEX35 IBEX35 TR DIVIDENDO
DIVIDENDO
NETO IBEX35 NR GASTOS
IBEX35
NOMINAL
INFLACIÓN
BM
IBEX35
REAL 10 €
2000 -21,75% -20,54% 1,21% 0,91% -20,84% 1,0% -21,84% 3,433% -25,28% 7,83 €
2001 -7,82% -6,06% 1,76% 1,32% -6,50% 1,0% -7,50% 3,591% -11,09% 7,21 €
2002 -28,11% -26,50% 1,61% 1,21% -26,90% 1,0% -27,90% 3,067% -30,97% 5,19 €
2003 28,17% 32,19% 4,02% 3,02% 31,19% 1,0% 30,19% 3,040% 27,15% 6,65 €
2004 17,37% 21,09% 3,72% 2,79% 20,16% 1,0% 19,16% 3,037% 16,12% 7,80 €
2005 18,20% 21,98% 3,78% 2,84% 21,04% 1,0% 20,04% 3,370% 16,67% 9,22 €
2006 31,79% 36,04% 4,25% 3,19% 34,98% 1,0% 33,98% 3,515% 30,46% 12,15 €
2007 7,32% 10,71% 3,39% 2,54% 9,86% 1,0% 8,86% 2,787% 6,08% 13,04 €
2008 -39,43% -36,50% 2,93% 2,20% -37,23% 1,0% -38,23% 4,076% -42,31% 7,90 €
2009 29,84% 38,27% 8,43% 6,32% 36,16% 1,0% 35,16% -0,288% 35,16% 10,26 €
2010 -17,43% -12,93% 4,50% 3,38% -14,06% 1,0% -15,06% 1,800% -16,86% 8,47 €
2011 -13,11% -7,75% 5,36% 4,02% -9,09% 1,0% -10,09% 3,196% -13,29% 7,36 €
2012 -4,66% 2,78% 7,44% 5,58% 0,92% 1,0% -0,08% 2,446% -2,53% 7,02 €
2013 21,42% 27,75% 6,33% 4,75% 26,17% 1,0% 25,17% 1,409% 23,76% 8,52 €
2014 3,66% 8,62% 4,96% 3,72% 7,38% 1,0% 6,38% -0,151% 6,38% 8,83 €
2015 -7,15% -3,55% 3,60% 2,70% -4,45% 1,0% -5,45% -0,500% -5,45% 8,20 €
2016 -2,01% 2,60% 4,61% 3,46% 1,45% 1,0% 0,45% -0,203% 0,45% 8,03 €
2017 7,40% 11,25% 3,85% 2,89% 10,29% 1,0% 9,29% 1,960% 7,33% 8,63 €
Rentabilidad Compuesta Anual IBEX35
Valor Inicial 10 €
Valor Final 8,63 €
Tiempo 18
Rentabilidad -0,82%
AÑO IBEX35 REAL CUOTA RDO. REAL
2000 -25,28% 1,0 € 0,75 €
2001 -11,09% 1,0 € 1,55
2002 -30,97% 1,0 € 1,76
2003 27,15% 1,0 € 3,51
2004 16,12% 1,0 € 5,24
2005 16,67% 1,0 € 7,28
2006 30,46% 1,0 € 10,80
2007 6,08% 1,0 € 12,52
2008 -42,31% 1,0 € 7,80
2009 35,16% 1,0 € 11,89
2010 -16,86% 1,0 € 10,72
2011 -13,29% 1,0 € 10,16
2012 -2,53% 1,0 € 10,88
2013 23,76% 1,0 € 14,70
2014 6,38% 1,0 € 16,70
2015 -5,45% 1,0 € 16,74
2016 0,45% 1,0 € 17,82
2017 7,33% 1,0 € 20,20
18 € 12,22%
AÑO IBEX35 REAL CUOTA RDO. REAL
2000 -25,28% 1,0 € 0,75 €
2001 -11,09% 2,0 € 2,44
2002 -30,97% 3,0 € 3,76
2003 27,15% 4,0 € 9,86
2004 16,12% 5,0 € 17,26
2005 16,67% 1,0 € 21,30
2006 30,46% 1,0 € 29,10
2007 6,08% 1,0 € 31,93
2008 -42,31% 1,0 € 18,99
2009 35,16% 2,0 € 28,38
2010 -16,86% 1,0 € 24,42
2011 -13,29% 2,0 € 22,91
2012 -2,53% 3,0 € 25,26
2013 23,76% 4,0 € 36,21
2014 6,38% 1,0 € 39,58
2015 -5,45% 1,0 € 38,37
2016 0,45% 2,0 € 40,55
2017 7,33% 1,0 € 44,60
36 € 23,88%
AÑO IBEX35 REAL CUOTA RDO. REAL AÑO IBEX35 REAL CUOTA RDO. REAL
2008 -42,31% 1,0 € 0,58 2008 -42,31% 1,0 € 0,58
2009 35,16% 1,0 € 2,13 2009 35,16% 2,0 € 3,48
2010 -16,86% 1,0 € 2,60 2010 -16,86% 1,0 € 3,73
2011 -13,29% 1,0 € 3,12 2011 -13,29% 2,0 € 4,97
2012 -2,53% 1,0 € 4,02 2012 -2,53% 3,0 € 7,76
2013 23,76% 1,0 € 6,21 2013 23,76% 4,0 € 14,56
2014 6,38% 1,0 € 7,67 2014 6,38% 1,0 € 16,55
2015 -5,45% 1,0 € 8,20 2015 -5,45% 1,0 € 16,60
2016 0,45% 1,0 € 9,24 2016 0,45% 2,0 € 18,68
2017 7,33% 1,0 € 11,0 2017 7,33% 1,0 € 21,12
10 € 9,93% 18 € 17,34%

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Presentación libro "La guerra financiera asimétrica"

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  • 3.
  • 4. AÑO IBEX35 IBEX35 TR DIVIDENDO 10 € 10 € 1993 54,20% 61,00% 6,80% 15 € 16 € 1994 -14,60% -11,70% 2,90% 13 € 14 € 1995 17,59% 22,38% 4,79% 15 € 17 € 1996 41,97% 47,05% 5,08% 22 € 26 € 1997 40,75% 44,46% 3,71% 31 € 37 € 1998 35,60% 38,60% 3,00% 42 € 51 € 1999 18,35% 20,08% 1,73% 50 € 62 € 2000 -21,75% -20,54% 1,21% 39 € 49 € 2001 -7,82% -6,06% 1,76% 36 € 46 € 2002 -28,11% -26,50% 1,61% 26 € 34 € 2003 28,17% 32,19% 4,02% 33 € 45 € 2004 17,37% 21,09% 3,72% 39 € 54 € 2005 18,20% 21,98% 3,78% 46 € 66 € 2006 31,79% 36,04% 4,25% 60 € 90 € 2007 7,32% 10,71% 3,39% 65 € 99 € 2008 -39,43% -36,50% 2,93% 39 € 63 € 2009 29,84% 38,27% 8,43% 51 € 87 € 2010 -17,43% -12,93% 4,50% 42 € 76 € 2011 -13,11% -7,75% 5,36% 37 € 70 € 2012 -4,66% 2,78% 7,44% 35 € 72 € 2013 21,42% 27,75% 6,33% 42 € 92 € 2014 3,66% 8,62% 4,96% 44 € 100 € 2015 -7,15% -3,55% 3,60% 41 € 96 € 2016 -2,01% 2,60% 4,61% 40 € 99 € 2017 7,40% 11,25% 3,85% 43 € 110 €
  • 5. Rentabilidad Compuesta Anual IBEX35 Valor Inicial 10 € Valor Final 43 € Tiempo 25 Rentabilidad 5,99% Rentabilidad Compuesta Anual IBEX35 TR Valor Inicial 10 € Valor Final 110 € Tiempo 25 Rentabilidad 10,06% Rentabilidad Total Acumulada IBEX 35 328% IBEX 35 TR 999% AÑOS BAJISTAS 8 32%
  • 6. AÑO SP500 SP 500 TR DIVIDENDO 10 € 10 € 1993 7,06% 10,08% 3,02% 11 € 11 € 1994 -1,54% 1,32% 2,86% 11 € 11 € 1995 34,11% 37,58% 3,47% 14 € 15 € 1996 20,26% 22,96% 2,70% 17 € 19 € 1997 31,01% 33,36% 2,35% 22 € 25 € 1998 26,67% 28,58% 1,91% 28 € 32 € 1999 19,53% 21,04% 1,51% 34 € 39 € 2000 -10,14% -9,10% 1,04% 30 € 36 € 2001 -13,04% -11,89% 1,15% 26 € 31 € 2002 -23,37% -22,10% 1,27% 20 € 24 € 2003 26,38% 28,68% 2,30% 26 € 31 € 2004 8,99% 10,88% 1,89% 28 € 35 € 2005 3,00% 4,91% 1,91% 29 € 37 € 2006 13,62% 15,79% 2,17% 33 € 42 € 2007 3,53% 5,49% 1,96% 34 € 45 € 2008 -38,49% -37,00% 1,49% 21 € 28 € 2009 23,45% 26,46% 3,01% 26 € 36 € 2010 12,78% 15,06% 2,28% 29 € 41 € 2011 0,00% 2,11% 2,11% 29 € 42 € 2012 13,41% 16,00% 2,59% 33 € 49 € 2013 29,60% 32,39% 2,79% 42 € 64 € 2014 11,39% 13,69% 2,30% 47 € 73 € 2015 -0,73% 1,38% 2,11% 47 € 74 € 2016 9,54% 11,96% 2,42% 51 € 83 € 2017 19,42% 21,83% 2,41% 61 € 101 €
  • 7. Rentabilidad Compuesta Anual SP500 Valor Inicial 10 € Valor Final 61 € Tiempo 25 Rentabilidad 7,53% Rentabilidad Compuesta Anual SP500 TR Valor Inicial 10 € Valor Final 101 € Tiempo 25 Rentabilidad 9,69% Rentabilidad Total Acumulada SP500 514% SP500 TR 910% AÑOS BAJISTAS 4 15%
  • 8. AÑO DAX30 10 € 1993 46,71% 15 € 1994 -7,06% 14 € 1995 6,99% 15 € 1996 28,17% 19 € 1997 47,11% 28 € 1998 17,71% 32 € 1999 39,10% 45 € 2000 -7,54% 42 € 2001 -19,79% 33 € 2002 -43,94% 19 € 2003 37,08% 26 € 2004 7,34% 28 € 2005 27,07% 35 € 2006 21,98% 43 € 2007 22,29% 52 € 2008 -40,37% 31 € 2009 23,85% 39 € 2010 16,06% 45 € 2011 -14,69% 38 € 2012 29,06% 49 € 2013 25,48% 62 € 2014 2,65% 63 € 2015 9,56% 70 € 2016 6,87% 74 € 2017 12,51% 84 €
  • 9. Rentabilidad Compuesta Anual DAX30 Valor Inicial 10 € Valor Final 84 € Tiempo 25 Rentabilidad 8,87% Rentabilidad Total Acumulada DAX 30 736% AÑOS BAJISTAS 6 24%
  • 10. AÑO INFLACIÓN ESP BM 1 € 1993 4,569% 0,954 € 1994 4,718% 0,909 € 1995 4,675% 0,867 € 1996 3,559% 0,836 € 1997 1,971% 0,819 € 1998 1,834% 0,804 € 1999 2,311% 0,786 € 2000 3,433% 0,759 € 2001 3,591% 0,732 € 2002 3,067% 0,709 € 2003 3,040% 0,688 € 2004 3,037% 0,667 € 2005 3,370% 0,644 € 2006 3,515% 0,622 € 2007 2,787% 0,604 € 2008 4,076% 0,580 € 2009 -0,288% 0,581 € 2010 1,800% 0,571 € 2011 3,196% 0,553 € 2012 2,446% 0,539 € 2013 1,409% 0,532 € 2014 -0,151% 0,532 € 2015 -0,500% 0,535 € 2016 -0,203% 0,536 € 2017 1,960% 0,526 € MEDIA 2,529% -47,45%
  • 11. AÑO INFLACIÓN USA BM 1 € 1993 2,952% 0,970 € 1994 2,607% 0,945 € 1995 2,805% 0,919 € 1996 2,931% 0,892 € 1997 2,338% 0,871 € 1998 1,552% 0,857 € 1999 2,188% 0,839 € 2000 3,377% 0,810 € 2001 2,826% 0,787 € 2002 1,586% 0,775 € 2003 2,270% 0,757 € 2004 2,677% 0,737 € 2005 3,393% 0,712 € 2006 3,226% 0,689 € 2007 2,853% 0,669 € 2008 3,839% 0,644 € 2009 -0,356% 0,646 € 2010 1,640% 0,635 € 2011 3,157% 0,615 € 2012 2,069% 0,603 € 2013 1,465% 0,594 € 2014 1,622% 0,584 € 2015 0,119% 0,583 € 2016 1,262% 0,576 € 2017 2,130% 0,564 € MEDIA 2,261% -43,62%
  • 12. AÑO INFLACIÓN DEU BM 1 € 1993 4,435% 0,956 € 1994 2,745% 0,929 € 1995 1,724% 0,913 € 1996 1,446% 0,900 € 1997 1,880% 0,883 € 1998 0,936% 0,875 € 1999 0,570% 0,870 € 2000 1,471% 0,857 € 2001 1,984% 0,840 € 2002 1,421% 0,828 € 2003 1,034% 0,820 € 2004 1,666% 0,806 € 2005 1,547% 0,794 € 2006 1,577% 0,781 € 2007 2,298% 0,763 € 2008 2,628% 0,743 € 2009 0,313% 0,741 € 2010 1,104% 0,733 € 2011 2,075% 0,717 € 2012 2,008% 0,703 € 2013 1,505% 0,692 € 2014 0,907% 0,686 € 2015 0,234% 0,684 € 2016 0,483% 0,681 € 2017 1,740% 0,669 € MEDIA 1,589% -33,07%
  • 13. AÑO IBEX35 TR INFLACIÓN BM IBEX35 TR REAL 10 € 1993 61,00% 4,569% 56,431% 16 € 1994 -11,70% 4,718% -16,418% 13 € 1995 22,38% 4,675% 17,705% 15 € 1996 47,05% 3,559% 43,491% 22 € 1997 44,46% 1,971% 42,489% 31 € 1998 38,60% 1,834% 36,766% 43 € 1999 20,08% 2,311% 17,769% 51 € 2000 -20,54% 3,433% -23,973% 39 € 2001 -6,06% 3,591% -9,651% 35 € 2002 -26,50% 3,067% -29,567% 25 € 2003 32,19% 3,040% 29,150% 32 € 2004 21,09% 3,037% 18,053% 37 € 2005 21,98% 3,370% 18,610% 44 € 2006 36,04% 3,515% 32,525% 59 € 2007 10,71% 2,787% 7,923% 63 € 2008 -36,50% 4,076% -40,576% 38 € 2009 38,27% -0,288% 38,558% 52 € 2010 -12,93% 1,800% -14,730% 45 € 2011 -7,75% 3,196% -10,946% 40 € 2012 2,78% 2,446% 0,334% 40 € 2013 27,75% 1,409% 26,341% 50 € 2014 8,62% -0,151% 8,771% 55 € 2015 -3,55% -0,500% -3,050% 53 € 2016 2,60% -0,203% 2,803% 54 € 2017 11,25% 1,960% 9,290% 60 € 2017 11,25% 1,960% 9,290% 65 €
  • 14. Rentabilidad Compuesta Anual IBEX35 TR Valor Inicial 10 € Valor Final 65 € Tiempo 25 Rentabilidad 7,78% Rentabilidad Total Acumulada 551%
  • 15. AÑO SP 500 TR INFLACIÓN SP 500 TR REAL 10 € 1993 10,08% 2,952% 7,13% 11 € 1994 1,32% 2,607% -1,29% 11 € 1995 37,58% 2,805% 34,78% 14 € 1996 22,96% 2,931% 20,03% 17 € 1997 33,36% 2,338% 31,02% 22 € 1998 28,58% 1,552% 27,03% 28 € 1999 21,04% 2,188% 18,85% 34 € 2000 -9,10% 3,377% -12,48% 30 € 2001 -11,89% 2,826% -14,72% 25 € 2002 -22,10% 1,586% -23,69% 19 € 2003 28,68% 2,270% 26,41% 24 € 2004 10,88% 2,677% 8,20% 26 € 2005 4,91% 3,393% 1,52% 27 € 2006 15,79% 3,226% 12,56% 30 € 2007 5,49% 2,853% 2,64% 31 € 2008 -37,00% 3,839% -40,84% 18 € 2009 26,46% -0,356% 26,82% 23 € 2010 15,06% 1,640% 13,42% 26 € 2011 2,11% 3,157% -1,05% 26 € 2012 16,00% 2,069% 13,93% 30 € 2013 32,39% 1,465% 30,93% 39 € 2014 13,69% 1,622% 12,07% 44 € 2015 1,38% 0,119% 1,26% 44 € 2016 11,96% 1,262% 10,70% 49 € 2017 21,83% 2,130% 19,70% 58 €
  • 16. Rentabilidad Compuesta Anual SP500 TR Valor Inicial 10 € Valor Final 58 € Tiempo 25 Rentabilidad 7,31% Rentabilidad Total Acumulada 484%
  • 17. AÑO DAX30 INFLACIÓN DAX30 REAL 10 € 1993 46,71% 4,435% 42,28% 14 € 1994 -7,06% 2,745% -9,81% 13 € 1995 6,99% 1,724% 5,27% 14 € 1996 28,17% 1,446% 26,72% 17 € 1997 47,11% 1,880% 45,23% 25 € 1998 17,71% 0,936% 16,77% 29 € 1999 39,10% 0,570% 38,53% 40 € 2000 -7,54% 1,471% -9,01% 37 € 2001 -19,79% 1,984% -21,77% 29 € 2002 -43,94% 1,421% -45,36% 16 € 2003 37,08% 1,034% 36,05% 21 € 2004 7,34% 1,666% 5,67% 22 € 2005 27,07% 1,547% 25,52% 28 € 2006 21,98% 1,577% 20,40% 34 € 2007 22,29% 2,298% 19,99% 41 € 2008 -40,37% 2,628% -43,00% 23 € 2009 23,85% 0,313% 23,54% 29 € 2010 16,06% 1,104% 14,96% 33 € 2011 -14,69% 2,075% -16,77% 27 € 2012 29,06% 2,008% 27,05% 35 € 2013 25,48% 1,505% 23,98% 43 € 2014 2,65% 0,907% 1,74% 44 € 2015 9,56% 0,234% 9,33% 48 € 2016 6,87% 0,483% 6,39% 51 € 2017 12,51% 1,740% 10,77% 57 €
  • 18. Rentabilidad Compuesta Anual SP500 TR Valor Inicial 10 € Valor Final 57 € Tiempo 25 Rentabilidad 7,19%
  • 19. AÑO IBEX35 IBEX35 TR DIVIDENDO DIVIDENDO NETO IBEX35 NR GASTOS IBEX35 NOMINAL INFLACIÓN BM IBEX35 REAL 10 € 2000 -21,75% -20,54% 1,21% 0,91% -20,84% 1,0% -21,84% 3,433% -25,28% 7,83 € 2001 -7,82% -6,06% 1,76% 1,32% -6,50% 1,0% -7,50% 3,591% -11,09% 7,21 € 2002 -28,11% -26,50% 1,61% 1,21% -26,90% 1,0% -27,90% 3,067% -30,97% 5,19 € 2003 28,17% 32,19% 4,02% 3,02% 31,19% 1,0% 30,19% 3,040% 27,15% 6,65 € 2004 17,37% 21,09% 3,72% 2,79% 20,16% 1,0% 19,16% 3,037% 16,12% 7,80 € 2005 18,20% 21,98% 3,78% 2,84% 21,04% 1,0% 20,04% 3,370% 16,67% 9,22 € 2006 31,79% 36,04% 4,25% 3,19% 34,98% 1,0% 33,98% 3,515% 30,46% 12,15 € 2007 7,32% 10,71% 3,39% 2,54% 9,86% 1,0% 8,86% 2,787% 6,08% 13,04 € 2008 -39,43% -36,50% 2,93% 2,20% -37,23% 1,0% -38,23% 4,076% -42,31% 7,90 € 2009 29,84% 38,27% 8,43% 6,32% 36,16% 1,0% 35,16% -0,288% 35,16% 10,26 € 2010 -17,43% -12,93% 4,50% 3,38% -14,06% 1,0% -15,06% 1,800% -16,86% 8,47 € 2011 -13,11% -7,75% 5,36% 4,02% -9,09% 1,0% -10,09% 3,196% -13,29% 7,36 € 2012 -4,66% 2,78% 7,44% 5,58% 0,92% 1,0% -0,08% 2,446% -2,53% 7,02 € 2013 21,42% 27,75% 6,33% 4,75% 26,17% 1,0% 25,17% 1,409% 23,76% 8,52 € 2014 3,66% 8,62% 4,96% 3,72% 7,38% 1,0% 6,38% -0,151% 6,38% 8,83 € 2015 -7,15% -3,55% 3,60% 2,70% -4,45% 1,0% -5,45% -0,500% -5,45% 8,20 € 2016 -2,01% 2,60% 4,61% 3,46% 1,45% 1,0% 0,45% -0,203% 0,45% 8,03 € 2017 7,40% 11,25% 3,85% 2,89% 10,29% 1,0% 9,29% 1,960% 7,33% 8,63 €
  • 20. Rentabilidad Compuesta Anual IBEX35 Valor Inicial 10 € Valor Final 8,63 € Tiempo 18 Rentabilidad -0,82%
  • 21. AÑO IBEX35 REAL CUOTA RDO. REAL 2000 -25,28% 1,0 € 0,75 € 2001 -11,09% 1,0 € 1,55 2002 -30,97% 1,0 € 1,76 2003 27,15% 1,0 € 3,51 2004 16,12% 1,0 € 5,24 2005 16,67% 1,0 € 7,28 2006 30,46% 1,0 € 10,80 2007 6,08% 1,0 € 12,52 2008 -42,31% 1,0 € 7,80 2009 35,16% 1,0 € 11,89 2010 -16,86% 1,0 € 10,72 2011 -13,29% 1,0 € 10,16 2012 -2,53% 1,0 € 10,88 2013 23,76% 1,0 € 14,70 2014 6,38% 1,0 € 16,70 2015 -5,45% 1,0 € 16,74 2016 0,45% 1,0 € 17,82 2017 7,33% 1,0 € 20,20 18 € 12,22%
  • 22. AÑO IBEX35 REAL CUOTA RDO. REAL 2000 -25,28% 1,0 € 0,75 € 2001 -11,09% 2,0 € 2,44 2002 -30,97% 3,0 € 3,76 2003 27,15% 4,0 € 9,86 2004 16,12% 5,0 € 17,26 2005 16,67% 1,0 € 21,30 2006 30,46% 1,0 € 29,10 2007 6,08% 1,0 € 31,93 2008 -42,31% 1,0 € 18,99 2009 35,16% 2,0 € 28,38 2010 -16,86% 1,0 € 24,42 2011 -13,29% 2,0 € 22,91 2012 -2,53% 3,0 € 25,26 2013 23,76% 4,0 € 36,21 2014 6,38% 1,0 € 39,58 2015 -5,45% 1,0 € 38,37 2016 0,45% 2,0 € 40,55 2017 7,33% 1,0 € 44,60 36 € 23,88%
  • 23. AÑO IBEX35 REAL CUOTA RDO. REAL AÑO IBEX35 REAL CUOTA RDO. REAL 2008 -42,31% 1,0 € 0,58 2008 -42,31% 1,0 € 0,58 2009 35,16% 1,0 € 2,13 2009 35,16% 2,0 € 3,48 2010 -16,86% 1,0 € 2,60 2010 -16,86% 1,0 € 3,73 2011 -13,29% 1,0 € 3,12 2011 -13,29% 2,0 € 4,97 2012 -2,53% 1,0 € 4,02 2012 -2,53% 3,0 € 7,76 2013 23,76% 1,0 € 6,21 2013 23,76% 4,0 € 14,56 2014 6,38% 1,0 € 7,67 2014 6,38% 1,0 € 16,55 2015 -5,45% 1,0 € 8,20 2015 -5,45% 1,0 € 16,60 2016 0,45% 1,0 € 9,24 2016 0,45% 2,0 € 18,68 2017 7,33% 1,0 € 11,0 2017 7,33% 1,0 € 21,12 10 € 9,93% 18 € 17,34%