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Now that Google is $704 a share
If you would have bought at the IPO in 2004 for $85 at lets say 500 shares you would be sitting with a nice profit of $309,500
Wowsers! |
google was ok, but,,,,
500 shares @ 85 bucks is $42,500. If you had bought $400,000 worth of real estate in many areas in Jan. 2004 (Bend, Ore, 106% in 5 years=21% per year) at the end of 2006, the value would've increased to $705,000+. That is a $305,000 gain, PLUS some tax savings each year of about 6K. Pretty close to same results overall, imo.
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I'll see your Google, Forrest, and raise you an Apple.
It launched at $26 per share, is worth about $190 now, and has been split 2:1 three times. In other words, its worth is 58.5 times greater now: (26/190) x (2x2x2) = 58.5. A similar investment of $42,500 (500 shares x $85) in 1984 would yield $2,498,250 today. |
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tenants pay those
costs for me, and I appreciate them doing that.
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I bought a rental with hardly anything down, fought a negative cash flow for six years, hell with renters, finally got out of it for barely what I had into it because I was facing a balloon payment. I guess I wasn't meant to be rich. :( |
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sorry about your bad luck or choices
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Also, you don't always know the cash flow's going to be negative when you have repairs and tenants stick you for rent. I believe in real estate, but it's not for everyone. When I get a larger portfolio, I'll get back in. For now I'm sticking with index funds. Also, where do you get the 6.34% number? Sounds high. |
I like index funds also for consistent boring returns..
I've been on the record with my next pick for areas to buy in for nearly a year. It is also doing very well. Buy and never get sell. Those that have read my book, know that is my feelings.
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Any old idiot can look back and tell you what you should have done. What to do for the future, now that is the question.
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nobody is an idiot!!
People just get interested in different things. I make mine in real estate and helping people create wealth. Real estate will do it. Pick an area in sunbelt, median price home under 140K, growth expanding that way, buy and hold, and you will create wealth, period.... Some areas are pin point perfect, but any will do, if you give it enuff time.
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"Google didn't have a financial system until year 5 only quickbooks" "Google opened at $85 a share" "Google market capitalization was 6 times revenue" Now do I think our stock will be anywhere near google $700? No, I do think that when we have our IPO it will be successful and 3 years from that point our stock will be trading at twice to 3 times the IPO. |
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I pity the fool who sold the farm last fall and Googled it all. Have you seen the chart lately?
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I bought this stock in about 2001.
http://finance.yahoo.com/echarts?s=E...urce=undefined Great pain. |
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Google closed at $1007.95 today. Your 500 shares would now be worth $503,975. Apple closed at $512.49. Your shares would have been $6,701,792.31. |
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