In 2022, The S&P Fell 18% & The NASDAQ Fell 33%
Two of the largest US mutual funds, the American Funds Growth Fund and
Fidelity’s Blue Chip Growth Fund, lost much more than the S&P 500.
The largest financial institutions consistently fail to protect investors from great losses.
Passive Investing Is Very Risky
The S&P 500 Has Had Long Periods With Poor Returns or No Returns
1) The 60 years from 1962 to 2022 delivered investors a 3.03% annual rate of return, adjusted for inflation.
2) In the 16 years from 11/30/68 to 7/31/82, the S&P 500 fell -63%.
3) In the 18 years from 7/31/82 to 7/31/00, the S&P rose 12.0% annually.
4) In the 9 years from 7/31/00 to 2/28/09, the S&P fell -59%.
5) In the 13 years from 2/28/09 to 11/30/21, the S&P rose 12.9% annually.
6) In the 13 months from 11/30/21 to 12/31/22, the S&P fell -23%.
7) In the 27 years from 11/30/68 to 11/30/94, the S&P 500 rose only 1%.
8) In the 14 years from 5/31/95 to 2/28/09, the S&P 500 rose only 1%.
9) In the 16 years from 7/31/00 to 4/30/16, the S&P 500 made 0%.
Dividends are assumed to pay for fees and taxes.
Inflation data is provided by the Bureau of Labor Statistics.
S&P 500 data is provided by Robert Shiller, a Ph.D. from Yale.
Investors in 2000 Made Only 6% After 16 Years
of Passive Investing in the NASDAQ
21 Years with 8% Gains
for the Dow Jones Industrial Average
13 Years of 4% Gains in the S&P 500
13 Years of 1% Gains in the S&P 500
Investing at the Wrong Times is Very Punishing
Very Long Periods With Very Low Profits
The Market Has Been Very Rewarding – At Times
Investors Lost $8.4 Trillion on Just 60 Companies:
ERS’s Proprietary Ratings Provided an Accurate Assessment
of the Very High Risks of These Stocks Long Before They Fell
From 9/30/2020 to 9/30/2023, investors lost $8.4 trillion on these 60 Wall Street favorites from their 3-year highs.
These 60 companies had an average FRR™ rating at their 3-year highs of 87, very high-risk.
| Company | FRR™ | Loss |
| 3M | 48 | -51% |
| AMC Enter. | 100 | -91% |
| Block | 96 | -84% |
| Cloudflare | 100 | -83% |
| Coupang | 100 | -81% |
| DoorDash | 100 | -82% |
| Ford | 70 | -55% |
| Lam Research | 63 | -56% |
| Netflix | 100 | -76% |
| Paramount | 40 | -87% |
| Protective Cap. | 100 | -98% |
| Rock-Tenn | 53 | -58% |
| SinglePoint | 100 | -100% |
| Tesla | 96 | -73% |
| Uber | 100 | -68% |
| Company | FRR™ | Loss |
| Adobe | 98 | -60% |
| Ameritrust | 100 | -98% |
| Boeing | 71 | -57% |
| Coinbase Global | 78 | -91% |
| Crown Castle | 100 | -53% |
| Estee Lauder | 90 | -62% |
| General Motors | 28 | -52% |
| Lucid Group | 100 | -90% |
| Nike | 79 | -53% |
| PayPal | 100 | -81% |
| Rivian Auto | 100 | -93% |
| Roku | 95 | -92% |
| Snap | 100 | -91% |
| Truist Financial | 100 | -59% |
| Unity Software | 100 | -89% |
| Company | FRR™ | Loss |
| Airbnb | 100 | -62% |
| Applied Mats. | 64 | -55% |
| Charles Schwab | 100 | -50% |
| Comcast | 43 | -52% |
| Discovery | 77 | -82% |
| Faraday Future | 100 | -98% |
| Illumina | 99 | -75% |
| Meta | 79 | -77% |
| P10 | 79 | -98% |
| Peloton | 97 | -97% |
| Robinhood | 100 | -90% |
| Salesforce | 100 | -59% |
| Snowflake | 100 | -72% |
| Twilio | 100 | -90% |
| Walt Disney | 84 | -60% |
| Company | FRR™ | Loss |
| Amazon | 73 | -56% |
| Blackstone | 75 | -49% |
| Charter Comms | 72 | -63% |
| ContextLogic | 100 | -97% |
| DocuSign | 100 | -87% |
| Fidelity | 91 | -67% |
| Intel | 43 | -61% |
| Moderna | 100 | -80% |
| Palantir Tech. | 100 | -85% |
| PNC | 100 | -48% |
| Roblox | 100 | -83% |
| ServiceNow | 100 | -51% |
| Target | 43 | -56% |
| U.S. Bancorp | 100 | -52% |
| Zoom | 100 | -89% |
Investors suffer significant losses because they do not have objective, accurate and reliable ratings for stocks.
ERS solves this problem with its stock risk ratings.
Problem: From 2020 to 2023, these 200 companies lost an average of 66%.
Solution: ERS’s Fiduciary Risk Rating™ (FRR™)
These 200 stocks had a very risky rating of 81 (on a scale of 0 to 100) …before they fell.
| 10x Genomics: -82% | 3M: -38% | Accenture: -35% | Adobe: -51% | Advance Auto : -37% | Affirm Hldgs: -94% | Agora: -96% | Airbnb: -61% |
| Alcoa Corp: -52% | Algonquin Pwr.: -57% | Alibaba: -72% | Alphabet: -41% | Alteryx: -72% | Amazon: -55% | AMC Enter’tn: -93% | AMD: -47% |
| America Great H.: -99% | American Air.: -51% | AMTD: -99% | Applied Mats.: -41% | Arrival: -99% | Athena Bitcoin: -99% | Autodesk: -45% | Avis Budget: -54% |
| Babylon Holdings: -98% | Baidu: -66% | Ball: -47% | Bausch: -82% | Baxter Int’l: -44% | Beyond Meat: -94% | Black & Decker: -64% | BlackBerry: -87% |
| Blackstone: -48% | Block: -78% | Boeing: -45% | Boston Beer: -75% | Boston Prop.: -48% | Bright Health: -96% | Capital One: -46% | CarMax: -61% |
| Carnival: -84% | Carvana: -99% | Celanese: -38% | Charles River: -52% | Charter: -59% | Chewy: -69% | China Evergrande: -99% | Citigroup: -38% |
| Cleveland-Cliffs: -51% | Clorox: -37% | Cognizant: -38% | Coinbase: -90% | Comcast: -42% | ContextLogic: -98% | Credit Suisse: -79% | Crocs: -40% |
| Denali Thera.: -70% | Dentsply Sirona: -53% | DiDi Global: -81% | DISH Network: -70% | DocuSign: -82% | DoorDash: -80% | Doximity: -67% | Eargo: -99% |
| Eastman Chemical: -34% | Etsy: -60% | Evergrande: -89% | Exact Sciences: -68% | Expedia: -59% | Farfetch: -94% | FedEx: -44% | First Republic: -45% |
| Five9: -68% | Fiverr Int’l: -91% | Floor & Décor: -51% | GameStop: -79% | Gap: -67% | Garmin: -46% | Generac: -80% | General Motors: -49% |
| Getty Images: -84% | Ginkgo Bioworks: -89% | GitLab: -65% | Grab Holdings: -64% | GSK PLC: -38% | Guardant: -85% | Hasbro: -37% | Hertz Global: -56% |
| HubSpot: -66% | IDEXX Labs: -42% | Intel Corp: -58% | Int’l Paper: -43% | Intuit: -44% | IPG Photonics: -63% | iQIYI: -82% | James Hardie: -56% |
| JD.com: -46% | Kinross Gold: -57% | Lenovo: -46% | Levi Strauss: -47% | LifeStance: -83% | Lincoln National: -58% | Logitech: -54% | Lucid Group: -88% |
| Luckin Coffee: -56% | Lumen Tech: -62% | Lyft: -84% | Macy’s: -43% | Magna Int’l: -44% | Marvell Tech: -59% | Match Group: -76% | Medtronic: -40% |
| Meta Platforms: -69% | Micron Tech: -48% | MicroStrategy: -89% | Moderna: -63% | Mohawk: -56% | Monday.Com: -73% | MongoDB: -66% | Morningstar: -37% |
| NetApp: -36% | Netflix: -57% | Newegg: -98% | Newell Brands: -52% | Newmont: -43% | Nomura Resch.: -47% | NVIDIA: -56% | Oak Street Hth.: -67% |
| Okta: -75% | OneConnect: -98% | Ontrak: -100% | Palantir Tech: -84% | Palo Alto: -33% | Paramount: -82% | PayPal: -77% | Peloton: -95% |
| PENN Enter’tn: -78% | Pinduoduo: -60% | Pinterest: -73% | Plug Power: -82% | Qualcomm: -41% | Repligen: -48% | Revlon: -98% | RH: -64% |
| Rivian Auto: -89% | RLX Tech: -92% | Robert Half: -40% | Robinhood: -88% | Roblox: -79% | Roku: -92% | Salesforce: -57% | SAP SE: -37% |
| Scotts Miracle Gro: -80% | Sea: -86% | Seagate Tech: -52% | SentinelOne: -81% | ServiceNow: -45% | Shopify: -79% | Signature Bank: -68% | Skillz: -99% |
| SmileDirectClub: -98% | Snap: -89% | Snowflake: -64% | Sony Group: -41% | Southwest Air: -47% | Splunk: -61% | Spotify Tech: -78% | Sunrun: -75% |
| Taiwan Semi.: -46% | Target: -41% | Teladoc Health: -92% | Tesla: -69% | Toast: -72% | Toyota: -34% | Trade Desk: -60% | Trex: -70% |
| Twilio: -89% | Tyson Foods: -36% | Uber: -61% | UiPath: -85% | Under Armour: -62% | Unity Software: -86% | VF Corp: -69% | Volkswagen AG: -47% |
| Vroom: -99% | Walt Disney: -57% | Wayfair: -90% | WB Discovery: -64% | Western Digital: -59% | Western Union: -44% | Whirlpool: -41% | Williams-Son.: -47% |
| Wix.com: -78% | Workday: -44% | XP: -70% | Zebra Tech: -58% | Zillow: -85% | Zoom: -88% | ZoomInfo: -61% | Zscaler: -70% |