I saw an article a few weeks ago about the Nikkei closing at a 15-year high.
If I understand correctly that might mean something like:
Feb. 15, 2000 close: 9000
Feb. 15, 2015 close: 8999 (the highest it's been that's not over 9000)
My questions are,
A) If I'd invested in an index fund (assume perfect tracking) on Feb. 15, 2000, would that mean I'd just about be "breaking even" (ignoring inflation) on Feb. 15, 2015?
B) If I'd invested in stocks with the exact composition of the index on Feb. 15, 2000, and traded only to follow changes in the composition, would that mean I'd just about be "breaking even" (ignoring inflation) on Feb. 15, 2015?
C) If the answer to one or both A and B is "no", what's the correct way to think of index values?