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So far, 2024 has been a good year for the flagship FTSE 100 index. It hit a new high earlier this year and, although it is no longer at that level, is still 7% higher than where it was at the beginning of January. That represents more than half the five-year gain of 13% in the index. What about the smaller FTSE 250?
It too, has gained so far in 2024. Indeed, it us up by 6%.
Over five years, though, the index of small and medium-sized companies has actually fallen, albeit by a modest 1%. Still, a fall is a fall – and certainly not what I look for as long-term investor.
Price gain and dividend streams
This year’s performance means that, if I had put £20,000 into the FTSE 250 at the start of the year (for example, by investing in an index tracker fund), my investment should now be worth around £21,117.
On top of that, the current yield of the index is about 3.4%. If I had…
