After the crash of 2008, the market offered investors tremendous investment opportunities.
They could invest in the 20 largest companies, as depicted below.

Their profits after 10 years are summarized at the bottom of this table; or…

Symbol Company Sector Price Risk Fin. Risk 3/9/2009 3/9/2019 Gain
XOM Exxon Mobil Energy 39 21 $64.57 $79.01 22%
WMT Walmart Consumer Defensive 66 75 $47.51 $97.59 105%
MSFT Microsoft Technology 53 33 $15.15 $110.51 629%
PG Procter & Gamble Consumer Defensive 74 83 $44.18 $98.41 123%
JNJ Johnson & Johnson Healthcare 55 52 $46.60 $138.06 196%
T AT&T Communication Services 70 84 $21.72 $29.96 38%
CVX Chevron Energy 7 17 $58.28 $121.62 109%
BRK.A Berkshire Hathaway Financial Services 28 65 $73,195.00 $299,000.00 308%
IBM IBM Technology 85 67 $83.48 $135.09 62%
GOOGL Alphabet Technology 50 18 $145.45 $1,149.97 691%
KO Coca-Cola Consumer Defensive 57 53 $19.38 $44.84 131%
PFE Pfizer Healthcare 35 59 $12.63 $40.89 224%
CSCO Cisco Systems Technology 41 31 $13.62 $51.07 275%
GE General Electric Industrials 65 60 $7.41 $9.58 29%
AAPL Apple Technology 24 36 $11.87 $172.91 1,356%
VZ Verizon Communications Communication Services 70 77 $24.48 $56.53 131%
PEP PepsiCo Consumer Defensive 54 65 $45.81 $115.23 152%
ORCL Oracle Technology 76 73 $13.85 $52.77 281%
INTC Intel Technology 27 17 $12.55 $52.48 318%
PM Philip Morris Int’l Consumer Defensive 98 81 $34.07 $87.45 157%
Average 54 53 267%

Investors could have invested in 20 companies with ERS’s lowest Risk Ratings.
Their profits after 10 years are summarized at the bottom of this page.

Symbol Company Sector Price Risk Fin. Risk 3/9/2009 3/9/2019 Gain
CBT Cabot Basic Materials 0 25 $8.04 $43.72 444%
CMC Commercial Metals Basic Materials 0 31 $9.94 $15.65 57%
USM United States Cellular Communication Services 4 27 $30.58 $45.59 49%
TDS Telephone & Data Systems Communication Services 8 30 $24.24 $31.05 28%
DSW DSW Consumer Cyclical 17 34 $3.34 $26.90 707%
ANF Abercrombie & Fitch Consumer Cyclical 0 23 $17.11 $25.63 50%
ADM Archer-Daniels Midland Consumer Defensive 16 23 $25.83 $41.92 62%
CALM Cal-Maine Foods Consumer Defensive 23 19 $8.63 $43.66 406%
OIS Oil States International Energy 2 21 $11.61 $14.93 29%
ANDV Andeavor Energy 18 40 $12.45 $152.27 1,123%
WCG WellCare Health Plans Healthcare 10 19 $6.23 $239.71 3,748%
MOH Molina Healthcare Healthcare 2 30 $11.57 $132.55 1,046%
SEB Seaboard Corp Industrials 9 11 $837.00 $3,897.00 366%
MLI Mueller Industries Industrials 0 19 $8.08 $32.42 301%
HST Host Hotels & Resorts Real Estate 1 22 $3.58 $19.29 439%
VTR Ventas Real Estate 15 11 $19.42 $61.99 219%
WDC Western Digital Technology 12 8 $15.06 $47.48 215%
PLT Plantronics Technology 1 9 $8.00 $47.85 498%
BRLXF Boralex Utilities 28 37 $6.99 $13.81 97%
ORA Ormat Technologies Utilities 44 34 $23.06 $55.26 140%
Average 10 24 501%

$1 million invested in the 20 largest companies would have grown to $3.7 million.
$1 million invested in ERS’s 20 lower-risk stocks would have grown to $6.0 million.