re: $100 of Amazon stock bought in 1997 would be worth $125k today

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Billions of dollars later and Jeff Bezos is still bald and cross eyed.

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...and still only banging marginally attractive broads in comparison to his net worth.

Ah, the small things that make me feel better about myself...

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$100 of Amazon stock bought in 1997 would be worth $125k today

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dot com boom/bust was a bitch dawg, you seem to forget about dem days

In about 1995, I put $5,000 in a low cost blue chip stock mutual fund. Never took a penny out or deposited another cent, but any dividends were reinvested. Set it and forgot it.

It's had its ups and downs, but it's worth north of $39,000 today.

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1995, I put $5,000 i

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$39,000 today.

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So, essentially doubled to 10, doubled to 20, then doubled to 39. 3 doubles.
Rule of 72 is how long it takes your money to double.
You doubled three times in 24 years. So, once every 8 years.
72/8 = 9. Or 9% return on investment. Not bad at all. Too bad most people would not be excited about seeing a 9% return on investment.

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I bought MCI and Global Crossing

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I had both of those for a while.

Startup stocks are highly volatile to say the least. Even if it goes up you need to know when to cash out.

In the late 70s, Atari went from being a startup to being the most profitable investment in the world because they were in the ground floor of video games. By about 1983, that stock was in the toilet and the company had been chop shopped by Time Warner to get rid of it.


There was a group of programmers there who missed the window on selling their stock and then missed out when some of their co-workers quit en masse to become Activision. I believe they referred to themselves as the “bonehead club” because they didn’t cash in on either of those two opportunities when they arose and got stuck working for peanuts.

Run that on BTC starting in 2012.