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re: Dividend stocks and DRIPs as a long term investment vehicle
Posted on 6/24/13 at 8:54 am to Volvagia
Posted on 6/24/13 at 8:54 am to Volvagia
Umm the average person who retired at 65 with a 44 year career of saving and growing would easily have $3M dollars
If you bought $1000 of coke in 1969 at 21 years old and added $200/month for the next 44 years you would be worth over $5.1M today
use a backtest calculator and see for yourself
LINK
Seems to me like a pretty normal person could have achieved that? Coke's been around for over 100 years
$5M @ .18% management fee is $9000/year...thats all i said, try to avoid that fee, do your own research
If you bought $1000 of coke in 1969 at 21 years old and added $200/month for the next 44 years you would be worth over $5.1M today
use a backtest calculator and see for yourself
LINK
Seems to me like a pretty normal person could have achieved that? Coke's been around for over 100 years
$5M @ .18% management fee is $9000/year...thats all i said, try to avoid that fee, do your own research
This post was edited on 6/24/13 at 8:56 am
2
Posted on 6/24/13 at 8:58 am to ThaBigFella
Coke makes up a big chunk of my stock portfolio as I've dumped money into it the last few years. Found this article this morning talking about the stability and "low risk" of Coke:
you would have to look back to late 90s when it was trading at 60x earnings for it to be a bad investment.
quote:
If you paid 19.7x earnings in 2005, you would have generated 10.6% annually.
If you paid 18.5x earnings in 2006, you would have posted 12.0% annually.
If you paid 21x earnings in 2007, you would have returned 10.2% annually.
If you paid 17.8x earnings in 2008, you would have gotten 10.1% since then.
If you paid 16.6x earnings in 2009, you would have generated returns of 16.1% annually.
If you paid 16.2x earnings in 2010 for your shares, you would have made 18.9% annually.
If you paid 17.4x earnings in 2011, you would have gotten 12.2% annual returns.
And if you paid 18.8x earnings last year, you would have gotten 9.5% returns since then.
you would have to look back to late 90s when it was trading at 60x earnings for it to be a bad investment.
Posted on 6/24/13 at 9:03 am to ThaBigFella
quote:
If you bought $1000 of coke in 1969 at 21 years old and added $200/month for the next 44 years you would be worth over $5.1M today
That's a little bit of a problem with your youth, though, Big Fella - $200 was a $hit ton of money in the 70s.
Minimum wage was under $2 an hour in the 70s and didn't top $3 until 1980 - heck, I'm only 45 and I worked for $3.35 an hour. I kick myself for not socking away $25 a paycheck, subsidized by the company, for WM when I was an employee, but I barely cleared $400 a month in 1985.
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