An investor who would put € 1,000 on Nokia in 1991 would have 247 000 today ...

In the land of regret is a question that torments many investors: "What is the portfolio that would have made me a millionaire?" There are indeed "shares" in "or" an investor would have bought Microsoft in 1000 to $ 27.50 late March 1986 now finds himself at the head of capital of 9.66 million. "Either an average annual return of 30%, which is quite exceptional," said Xavier Servais (Damien Courtens & Cie, a member of Allianz Group). Or someone who bought in 1964 at the launch of Berkshire Hathaway, the bottom of Warren Buffett, for $ 1,000 of shares now hold over 3.6 million, a return of almost 22%. Over the same period, the benchmark U.S. index, the S & P500, would offer "only" $ 65 000.

What are these values accessible to everyone, who over a long period, given exceptional returns? We compared the returns in euros, by reinvesting dividends received in action, stars of three indices: the S & P500, the EuroStoxx50 and Bel20 since December 31, 1991 to present.

In the U.S. market, the winner is the computer manufacturer Dell: 1000 euro (or equivalent at the time) invested late 91 are now today 97 250 ... Growth that is based on a model based on online sales, thereby evacuating a large margin of intermediaries, and the growing public appetite for personal computers. In second place after the group specializes in the management and EMC information storage (the same in 1000 have become euro 73 034 euro), the telecom equipment maker Cisco (67 357), the group distribution of electronic products through the Internet Best Buy (67 072) and the developer of software for enterprise Oracle (55 066). In comparison, over the same period, 1000 dollrs in Berkshire Hathaway have been 12 008 dollars today, and just over 20 000 in Citigroup.

In the European market, the overall winner is the Finnish Nokia. It's far from a start-up because, originally, the group was born in the 1860s and was a timber group, which has subsequently diversified into the rubber and cable. Then in the 1960s, to electronics and televisions today before becoming the first mobile phone manufacturer in the world and one of the largest telecom equipment manufacturers.

Thousand euro placed end 91 in this action today weigh 247 085 euros! It is the winner of any class. Then come back far enough, Philips (9 511), L'Oreal (8 579).

On the Belgian market, a further difficulty arises because, between 1991 and today, much of the heavy trucks have been absorbed: BBL, Tractebel, Electrabel, Petrofina ... And we know that our benchmark is not characterized by the presence of many technology stocks. The best performance in 16 years is to make the assets of a splendid company, Colruyt, active in an area of more conventional because it speaks to retailers.

This is both the industry's growth potential makes good investment. Thus, 1,000 euros in Colruyt late 91 are now 14 850 today. Electrabel, which would have given a little over 11 000, representing a return of 17.4% per year (we understand the interests of Suez for the asset). As a result, UCB, chemical company whose initially small cluster pharmacy discovers a revolutionary allergy, Zyrtec, UCB placing in orbit. 1000 euros in UCB product in 16 years 8 969 euros. But 1000 euros in Ackermans van Haaren, listed only since February 1995, would have given 8 300 euros (a return of over 19% per year). Over a short period (5 years), it nevertheless Umicore, with 39% annual return, which is the champion of Bel20 and off Bel20, the performance of Distrigas (annual return of 56% since 2001) is also amazing.

However, to be a millionaire soon, he would have had to rely more on American values, high growth, technology and, of course, find Nokia ... An investor who at December 31, 1991, would have placed 2 000, 2 000 in Dell, 2 000 in EMC eurosen Cisco 2 000 and 2 000 in Best Buy: these 10 000 would become 1.05 million EUR 100 times more ... One can always dream.