紐約時報報導賣保險產品的經紀怎樣用「股指」誤導人！用的股票指數回報沒包括股息

https://www.nytimes.com/2018/11/30/your-money/retirement-annuities-steak-dinner.html?em_pos=large&emc=edit_my_20181203&nl=your-money&nlid=55681722edit_my_20181203&ref=headline&te=1  

"....Mr. Halaby’s staff distributed material before dinner that included a chart that looked like the one at the front of the room. It showed an equity indexed annuity performing 8.29 percent better, after an 18-year period from 1998 to 2016, than the S&P 500 stock market index.

But the pamphlet’s chart has some fine print — so small that my 47-year-old eyes could barely make it out — that disclosed the following: The index it was using was not accounting for the reinvestment of dividends from all those stocks....."