jgw1998
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Location: Santa Clara, CA |
4000% gain utility stock |
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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?
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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.
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Sat Dec 30, 2017 6:29 pm |
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jgw1998
New Member
Cash: $ 1.95
Posts: 9
Joined: 12 Jul 2011
Location: Santa Clara, CA |
what is the typical utility stock gain from 1990 to date |
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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?
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Tue Jan 02, 2018 12:27 am |
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Carmen W
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Most probably all these news are fake. I guess there is no shortcut to making money all you have to do a lot of work to get the real success and money. So do focus on online essay writer australia to become successful.
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Thu Nov 08, 2018 4:01 pm |
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SusanaP
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Joined: 21 May 2018
Location: Managua |
Good news! |
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The economy has been growing well, recently I saw the economic calendar , we could say that the American economy is very stable and growing
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Mon Nov 12, 2018 12:17 am |
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