Nvidia Joined Dow 30 After 6,000x Increase-It’s Time To Replace Index

Nvidia, one of the great stocks of our time, was just added to the Dow 30 Industrial Average. To be clear, this is a distinct honor, as the Dow Jones Industrial Average has been selecting 30 “Blue Chip” stocks since 1896. However, let’s face it, the Dow 30 has been woefully out of date for many decades now. It is a tired Index, that needs to be replaced. Today’s selection of Nvidia, after a 601,000% (6,000x) return since it’s 01/21/1999 inception, is a sign. A large bold, flashing neon sign that the Dow 30 is a useless index. The Dow Jones Industrial Average (Dow 30) needs to be replaced. Preferably something new that looks forward rather than back. Fortunately, such a thing exists and its been around since 6/30/2005. It’s called the Entrepreneur 30 Total Return Index (ER30TR), and it just might be the best Index for the past 20 years. The data below makes the case.