An economist is someone who didn't have enough personality to become an accountant.

Go to Jokes & Quotes page

Money is like manure. If you spread it around it does a lot of good. But if you pile it up in one place it stinks like hell. - Jr Murchison

Go to Jokes & Quotes page

Money and how to make $273,354 profit (Update)

 Money and how to make $273,354 profit   Update July 2015

 

Here is the July 2015 update from my original post . If you need to refresh your memory here is a link to the original article. Basically I chose 10 shares from Martin Roth’s Top Stocks book and held  them (hypothetically) for a 14 year period. Now, each few months I will provide an update on the progress of the share portfolio.

These few months have seen a decrease in the value of the portfolio of $11,607 to $335,741.

The portfolio since 2000 has risen $247,348 which is still $26,006 less than when I started these articles in July 2014. As you can see though all but two of the stocks (Maxitrans and Amcor) are above 100% profit since 2000 and three are above or close to 400%.

The current total of $235,741 (total minus $100,000 originally invested) divided by 15 = $15,716 per year. So for the last 15 years you had $15,716 extra in your life (per year) just by deciding to buy shares and sit on them.

The next update will be later in 2015. We’ll see what happens then!

 

Random Shares July 2015

Get free updates
If you like this - please join us

Add comment