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. |
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