What if you'd held IPB?
A $1,000 investment in Merrill Lynch & Co., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 (IPB) at the month-end close of 2004-01 would be worth $4,184 at the close of 2026-09 — +318.4% total return, dividends reinvested. The same $1,000 in the S&P 500, dividends reinvested, would be worth $10,467.
Your scenario
Result
If you'd bought $1,000 at the start of each year
Value of $1,000 invested on January 1 of each year, held to 2026-09, dividends included.
Every year, $1,000 from 2004
| Year | Value of $1,000 | Year return |
|---|---|---|
| 2004 | $1,000 | — |
| 2005 | $974 | -2.6% |
| 2006 | $1,081 | +10.9% |
| 2007 | $1,052 | -2.7% |
| 2008 | $774 | -26.4% |
| 2009 | $1,213 | +56.7% |
| 2010 | $1,485 | +22.5% |
| 2011 | $1,753 | +18.0% |
| 2012 | $2,032 | +15.9% |
| 2013 | $2,087 | +2.7% |
| 2014 | $2,363 | +13.2% |
| 2015 | $2,415 | +2.2% |
| 2016 | $2,505 | +3.7% |
| 2017 | $2,773 | +10.7% |
| 2018 | $2,781 | +0.3% |
| 2019 | $3,153 | +13.4% |
| 2020 | $3,474 | +10.2% |
| 2021 | $3,742 | +7.7% |
| 2022 | $3,194 | -14.7% |
| 2023 | $3,561 | +11.5% |
| 2024 | $3,727 | +4.7% |
| 2025 | $4,032 | +8.2% |
| 2026 | $4,063 | +0.8% |
Best and worst month-end to buy
The best single month-end close to have bought IPB was 2009-02 ($3.98): $1,000 then is $6,329 today. The worst was 2026-06 ($25.63): $1,000 then is $983.
FAQ
What would $1,000 in IPB be worth today?
A $1,000 investment in Merrill Lynch & Co., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 (IPB) at the start of 2004 would be worth about $4,184 today, a total return of +318.4%. Dividends are reinvested in these figures.
What were the best and worst years for IPB?
Merrill Lynch & Co., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 (IPB)'s strongest calendar year since 2004 was 2009, a +56.7% return — $1,000 held through that year became about $1,567 by year-end. Its weakest year was 2008, at -26.4%.
Does the calculator include dividends and splits?
Yes where available. Prices are adjusted for both stock splits and reinvested dividends (total return), the same measure brokerages use.
How much would $100 per month in IPB have grown?
Investing $100 at the end of every month since 2004-01 would have grown to about $62,188 on $27,300 invested.
Did IPB beat the S&P 500?
Over the same period, $1,000 in the S&P 500 with dividends reinvested (the S&P 500 Total Return index) would be worth $10,467. IPB trailed the S&P 500 by +60.0% in total return.
Is this investment advice?
No. Wall Street Regrets is an entertainment and education tool. Every number is a historical calculation, not a prediction, and past performance never guarantees future results.
Methodology
Merrill Lynch & Co., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 (IPB) historical total-return data from 2004-01 to 2026-09, reduced to month-end closes for the tables above.
Returns use adjusted close prices — adjusted for stock splits and reinvested dividends, the same convention used by major brokerages. End-of-day and live prices come from EODHD; parts of the deep historical series are carried over from Yahoo Finance data. A "year" scenario invests $1,000 at the prior December's month-end close and values it at the latest available month-end close. Non-USD amounts are converted at historical month-end exchange rates (EODHD): to USD on the buy date and back to your currency at the latest rate, so the return reflects the currency move as well as the asset.
Month-end resolution means intra-month extremes are not captured in tables; the calculator uses exact trading-day closes where daily data is available. Figures ignore taxes, fees, and the currency effects of non-USD listings. History is not a forecast. Wall Street Regrets is entertainment, not investment advice.
What if you'd held…
Data: adjusted close prices via EODHD and Yahoo Finance. As of 2026-09-03. Not financial advice.