Money and how to make $273,354 profit Update March 2015
Here is the March 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 two months I will provide an update on the progress of the share portfolio.
Overall the share portfolio has done very well in the last two months. It has risen in value $24,525 (that’s $12,262 per month). Not bad for selecting random stocks from a book and holding on to them!
The portfolio since 2000 has risen $259,556 which is still $13,798 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 400%.
You may say, “oh big deal $259,556 profit but we had to wait 15 years for it”. Look at it another way. $259,556 divided by 15 = 17,303 per year. So for the last 15 years you had $17,303 extra in your life (per year) just by deciding to buy shares and sit on them.
The next update will be in May 2015. We’ll see what happens then!