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Started By
Message
$5k in a Fidelity fund in ‘95 is now worth ...
Posted on 1/11/20 at 8:09 pm
Posted on 1/11/20 at 8:09 pm
In about 1995, I scraped up $5,000 in savings and put it in Fidelity Blue Chip Growth mutual fund. First time I invested in any equities. Been letting it ride ever since. Never added a penny, but automatically reinvested all dividends.
I check the balance at the end of each year. It’s had its ups and downs, but at the end of 2019 it was worth $43,554.
That’s pretty cool. Of course, it could be worth $38 tomorrow, but let’s hope not.
I check the balance at the end of each year. It’s had its ups and downs, but at the end of 2019 it was worth $43,554.
That’s pretty cool. Of course, it could be worth $38 tomorrow, but let’s hope not.
8
Posted on 1/11/20 at 11:57 pm to Twenty 49
Averaging a little over 9% per year. Pretty solid baw.
Posted on 1/12/20 at 7:35 am to Twenty 49
1995 to 2000 was a classic bull stampede that happens at the end of a secular bull market. sp500 returns during that period averaged around 27%/yr, something like that. Basically a year like 2019, five years in a row. It can happen again.
Posted on 1/12/20 at 7:37 am to Twenty 49
I have a "kids are stupid" story about myself. Back in the day (1986 - 1987), I worked at Wal-Mart. They had an employee stock purchase plan. I'm 99% sure they matched, dollar-for-dollar up to a certain amount.
Call it 18 months working there, and it was between 2 2:1 splits, average price of somewhere in the mid-$40s - had I merely purchased 1 share of stock per month (not paycheck), that would have been less than $900 and with the company match I would have had 36 shares of stock when I left.
Those 36 shares of stock (split to 576) would be worth over $67k today, assuming I just took and spent all the dividends since then. With dividends reinvested, easily over $100k - from a $900 (subsidized) investment 34 years ago.
Call it 18 months working there, and it was between 2 2:1 splits, average price of somewhere in the mid-$40s - had I merely purchased 1 share of stock per month (not paycheck), that would have been less than $900 and with the company match I would have had 36 shares of stock when I left.
Those 36 shares of stock (split to 576) would be worth over $67k today, assuming I just took and spent all the dividends since then. With dividends reinvested, easily over $100k - from a $900 (subsidized) investment 34 years ago.
This post was edited on 1/12/20 at 7:39 am
Posted on 1/12/20 at 8:26 am to Twenty 49
quote:
but automatically reinvested all dividends.
Do you get an annual 1099R for dividend income? If so, are you paying the tax from the account? Thx
Posted on 1/12/20 at 8:36 am to BestBanker
Yes, I pay taxes on dividends and capital gains. It’s not an IRA. Just a regular mutual fund.
Posted on 1/12/20 at 9:22 am to Twenty 49
Thanks. Got downvoted for a tax question here. Doing some income tax calculations for long term savings. I was able to buy a Vanguard dividend fund that was recently reopened to investors.
Posted on 1/12/20 at 7:53 pm to Twenty 49
When I got married in 2002, we received a couple of substantial monetary gifts. I purchased about $10,000 in Apple stock at $18/share.
I sold it six months later when it hit $25 after introducing the first IPod (the white one with the monochrome screen)
It would be worth $2.4 million today.
I sold it six months later when it hit $25 after introducing the first IPod (the white one with the monochrome screen)
It would be worth $2.4 million today.
Posted on 1/12/20 at 8:42 pm to anc
Ouch
Posted on 1/13/20 at 3:27 pm to anc
Ouch is right. Ugh.
Posted on 1/15/20 at 8:23 am to anc
quote:
When I got married in 2002, we received a couple of substantial monetary gifts. I purchased about $10,000 in Apple stock at $18/share.
I sold it six months later when it hit $25 after introducing the first IPod (the white one with the monochrome screen)
It would be worth $2.4 million today.
Posted on 1/15/20 at 8:26 am to Delacroix
Posted on 1/15/20 at 2:24 pm to Twenty 49
Welp, since we're sharing stupid stories...
Summer of 2011, I was chilling at home. College had just finished and I was waiting to start law school. Like most people in that situation, I didn't have a lot of skrilla to my name. Started doing research about how to earn money passively without a lot of initial capital blah blah blah. Get rich quick schemes essentially. Came across some 4chan post talking about this weird thing called Bitcoin. Dug a little deeper, found a blog that laid out what to do: "download this program and mine your own Bitcoin!" Sure, why not? Spend half a day Saturday figuring out how to download/install the miner and wallet and all that shite on a secondary computer. Then I just let it run for months. Eventually, my impatient and idiotic 22 year old self was like, "nothing will ever come of this, this is stupid." At that point, I had about 70 Bitcoin. My buddy who is a huge tech nerd was like "70 is a good start...if you're a pussy. Don't quit, this thing is gonna be YUGEEE! Hit up these sites and do random stuff and you'll get Bitcoin sent directly to you." So I kept up this regular routine for a few more months until studying got in the way and I decided to uninstall the miner and delete my wallet. Had about 120 Bitcoin in there.
At an all time high that would have been worth roughly $2.3 million.
I think about killing myself at least 7 times a day.
Summer of 2011, I was chilling at home. College had just finished and I was waiting to start law school. Like most people in that situation, I didn't have a lot of skrilla to my name. Started doing research about how to earn money passively without a lot of initial capital blah blah blah. Get rich quick schemes essentially. Came across some 4chan post talking about this weird thing called Bitcoin. Dug a little deeper, found a blog that laid out what to do: "download this program and mine your own Bitcoin!" Sure, why not? Spend half a day Saturday figuring out how to download/install the miner and wallet and all that shite on a secondary computer. Then I just let it run for months. Eventually, my impatient and idiotic 22 year old self was like, "nothing will ever come of this, this is stupid." At that point, I had about 70 Bitcoin. My buddy who is a huge tech nerd was like "70 is a good start...if you're a pussy. Don't quit, this thing is gonna be YUGEEE! Hit up these sites and do random stuff and you'll get Bitcoin sent directly to you." So I kept up this regular routine for a few more months until studying got in the way and I decided to uninstall the miner and delete my wallet. Had about 120 Bitcoin in there.
At an all time high that would have been worth roughly $2.3 million.
I think about killing myself at least 7 times a day.
Posted on 1/15/20 at 4:45 pm to Ace Midnight
How many times have you been kept awake thinking about that? haha
Posted on 1/15/20 at 6:28 pm to Boring
Had a friend with a similar bitcoin story, at some point, someone hacked into his bitcoin purse & swiped them up. Bye bye
Posted on 1/15/20 at 8:32 pm to threeputtforbogie
quote:
How many times have you been kept awake thinking about that? haha
Not a lot. Life is too short to be filled with regret. But, every once in a while.
Posted on 1/15/20 at 8:36 pm to Boring
quote:
Welp, since we're sharing stupid stories...
Summer of 2011, I was chilling at home. College had just finished and I was waiting to start law school. Like most people in that situation, I didn't have a lot of skrilla to my name. Started doing research about how to earn money passively without a lot of initial capital blah blah blah. Get rich quick schemes essentially. Came across some 4chan post talking about this weird thing called Bitcoin. Dug a little deeper, found a blog that laid out what to do: "download this program and mine your own Bitcoin!" Sure, why not? Spend half a day Saturday figuring out how to download/install the miner and wallet and all that shite on a secondary computer. Then I just let it run for months. Eventually, my impatient and idiotic 22 year old self was like, "nothing will ever come of this, this is stupid." At that point, I had about 70 Bitcoin. My buddy who is a huge tech nerd was like "70 is a good start...if you're a pussy. Don't quit, this thing is gonna be YUGEEE! Hit up these sites and do random stuff and you'll get Bitcoin sent directly to you." So I kept up this regular routine for a few more months until studying got in the way and I decided to uninstall the miner and delete my wallet. Had about 120 Bitcoin in there.
At an all time high that would have been worth roughly $2.3 million.
I think about killing myself at least 7 times a day.
Bruh at least you aren't the baw that bought a pizza with bitcoin back in the day. At it's peak, that amount of BTC was worth 80 mil
Posted on 1/16/20 at 1:54 am to Twenty 49
This was in the 2000's, I had 1K shares of MCD at maybe $18/sh til it dumped hard after the mad cow scare. I was staring at my screen when the news broke and sold it for a loss.
Today $210/sh.
Today $210/sh.
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