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4000% gain utility stock

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jgw1998
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4000% gain utility stock  Reply with quote  

In this family gathering, one of my wife’s relative boasted he invested $5000 on 1990 in an utility stock and now is at $200000.

How much truth is that? How can I verify if this can be true?
Post Sat Dec 30, 2017 4:46 pm
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oldguy
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quote:
How much truth is that? How can I verify if this can be true?


That turns out to be 14.6%/yr compounded for 27 years - that is fairly common, there are probably dozens of stocks that did that. Eg, the generic US Market ( the SP500 Index) grew at an average 17%/yr from 1981 to 1999.

His claim seems completely believable - I don't question it. But to truly validate his claim, you need to know the company name. Then you can google the history of the company.

Here's some generic history. http://politicalcalculations.blogspot.com/2006/12/sp-500-at-your-fingertips.html#.WkfYtzdG2Ul

The index averaged 9.9%/yr from 1990 to now. So if the whole group averaged 9.9%/yr the winners are probably over 15% and the losers are probably 0% or worse.
Post Sat Dec 30, 2017 6:29 pm
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jgw1998
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what is the typical utility stock gain from 1990 to date  Reply with quote  

Thank you.
what is the typical and average utility stock gain from 1990 to today?

I think typical utility stock is selected for its conservative high dividend return. Not it high growth stock value gain, like high tech stocks?
Post Tue Jan 02, 2018 12:27 am
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