The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor Ron Baron.
"That means that you have 35 times your money over the next 50 years, which means that the Dow Jones, which is now 34,000, will be 900,000."
Yet since 1970, the Dow Jones Industrial Average has returned 10% annually, climbing the wall of worry from around the 800 level then to nearly 34,000 today.
.DJI ALL mountain Dow Jones Industrial average long term The blue chip stock index closed at 33,946.71 on Thursday.
Baron also highlighted that on top of the stock market performance, U.S. GDP has risen 33 times in the same period.
Persons:
Ron Baron, Baron, CNBC's, Dow Jones, there's
Organizations:
Dow Jones, Baron Capital, SpaceX, Dow