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Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
12478 posts

$5k in a Fidelity fund in ‘95 is now worth ...
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.


bogart
Member since Dec 2013
984 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
Compounding is amazing.


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JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
22729 posts
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re: $5k in a Fidelity fund in ‘95 is now worth ...
Averaging a little over 9% per year. Pretty solid baw.


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161
CajunTiger92
LSU Fan
Member since Dec 2007
2031 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.


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50
Ace Midnight
LSU Fan
Between sanity and madness
Member since Dec 2006
72111 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.
This post was edited on 1/12 at 7:39 am


BestBanker
LSU Fan
Around here.
Member since Nov 2011
12290 posts
 Online 

re: $5k in a Fidelity fund in ‘95 is now worth ...
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


Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
12478 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
Yes, I pay taxes on dividends and capital gains. It’s not an IRA. Just a regular mutual fund.


BestBanker
LSU Fan
Around here.
Member since Nov 2011
12290 posts
 Online 

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.


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03
anc
Member since Nov 2012
12823 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.


TigerDeBaiter
LSU Fan
Member since Dec 2010
8090 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
Ouch


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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
68104 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
Ouch is right. Ugh.


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Delacroix
LSU Fan
Member since Oct 2008
3888 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.



Image: https://media1.giphy.com/media/GJ5ktSzR3ffos/giphy.gif


boomtown143
LSU Fan
BR
Member since May 2019
1850 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...


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Boring
Member since Feb 2019
545 posts
 Online 

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.


threeputtforbogie
Member since Sep 2017
204 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
How many times have you been kept awake thinking about that? haha


3D
LSU Fan
NJ
Member since Sep 2013
471 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
Had a friend with a similar bitcoin story, at some point, someone hacked into his bitcoin purse & swiped them up. Bye bye


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Ace Midnight
LSU Fan
Between sanity and madness
Member since Dec 2006
72111 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.


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10
JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
22729 posts
 Online 

re: $5k in a Fidelity fund in ‘95 is now worth ...
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


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10
lsu xman
Member since Oct 2006
13059 posts

re: $5k in a Fidelity fund in ‘95 is now worth ...
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.


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