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A 20 year anniversary
Posted: Fri Jun 02, 2017 3:35 pm
by Bob Juch
Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Re: A 20 year anniversary
Posted: Fri Jun 02, 2017 3:39 pm
by silverscreenselect
Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Bored gurus may recall a conversation I had a few years back with BIT in which we debated the merits and value of Amazon as a company. He took the position that their quarterly profits weren't as high as they should be, while I noted the way the company was expanding into hitherto unknown realms for any retailer.
I'm curious what the stock price was then and now.
Re: A 20 year anniversary
Posted: Fri Jun 02, 2017 4:24 pm
by Bob Juch
silverscreenselect wrote:Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Bored gurus may recall a conversation I had a few years back with BIT in which we debated the merits and value of Amazon as a company. He took the position that their quarterly profits weren't as high as they should be, while I noted the way the company was expanding into hitherto unknown realms for any retailer.
I'm curious what the stock price was then and now.
I bought it at $18 and a few cents per share. It split 2:1, 3:1 and 2.1 in the first couple of years so I have 12 times the number of shares. I remember our conversation. It was around 400 then.
It closed at 1,006.73 today.
Re: A 20 year anniversary
Posted: Fri Jun 02, 2017 6:25 pm
by Estonut
Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Not until you sell it.
Re: A 20 year anniversary
Posted: Fri Jun 02, 2017 9:46 pm
by TheConfessor
Bob Juch wrote:silverscreenselect wrote:Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Bored gurus may recall a conversation I had a few years back with BIT in which we debated the merits and value of Amazon as a company. He took the position that their quarterly profits weren't as high as they should be, while I noted the way the company was expanding into hitherto unknown realms for any retailer.
I'm curious what the stock price was then and now.
I bought it at $18 and a few cents per share. It split 2:1, 3:1 and 2.1 in the first couple of years so I have 12 times the number of shares. I remember our conversation. It was around 400 then.
It closed at 1,006.73 today.
That's about a 38% annual return. Pretty good if you can keep that going for 20 years.
Re: A 20 year anniversary
Posted: Fri Jun 02, 2017 11:41 pm
by Pastor Fireball
Estonut wrote:Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Not until you sell it.
He's giving you a hint, Bob. Now would probably be a good time to cash out. Well, not
right now because it's 1:40 AM on a Saturday and the markets don't open again until Monday morning... but you know what I'm talking about. You can afford to quit at a 67,000% profit. Hell, last year, I sold all of the HP stock I bought while I worked for them many years ago after a net
40% profit and I was thrilled.
Re: A 20 year anniversary
Posted: Sat Jun 03, 2017 1:08 am
by Estonut
Pastor Fireball wrote:Estonut wrote:Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Not until you sell it.
He's giving you a hint, Bob. Now would probably be a good time to cash out. Well, not
right now because it's 1:40 AM on a Saturday and the markets don't open again until Monday morning... but you know what I'm talking about. You can afford to quit at a 67,000% profit. Hell, last year, I sold all of the HP stock I bought while I worked for them many years ago after a net
40% profit and I was thrilled.
Wrong, as usual. All I meant was that ROI cannot be calculated until there is a return. There is no return until there is a sale.
Re: A 20 year anniversary
Posted: Sat Jun 03, 2017 11:23 pm
by Bob Juch
Pastor Fireball wrote:Estonut wrote:Bob Juch wrote:Today is the 20th anniversary of when I bought stock in a little company called Amazon.com.
My ROI is 67,015.33%!
Not until you sell it.
He's giving you a hint, Bob. Now would probably be a good time to cash out. Well, not
right now because it's 1:40 AM on a Saturday and the markets don't open again until Monday morning... but you know what I'm talking about. You can afford to quit at a 67,000% profit. Hell, last year, I sold all of the HP stock I bought while I worked for them many years ago after a net
40% profit and I was thrilled.
Nope, I have a stop loss order in just in case, but I'm not planning on selling until I'm dead.
