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Jul 31, 2020
9:01
:53
am
Triznaynay
All-American
Doubled every 22 years roughly
I hope my investments do better than that.
This message has been modified
Originally posted on Jul 31, 2020 at 9:01:53am
Message modified by Triznaynay on Jul 31, 2020 at 9:02:10am
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Triznaynay
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Triznaynay
Joined
Aug 29, 2007
Last login
Apr 30, 2024
Total posts
24,457 (4,823 FO)
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Messages
Author
Time
An idea for some of you..surprised at the ROI though
greatbam
7/31/20 8:55am
$4,000 turned in to only $2 million over the course of 200 years? That seems like a terrible return.
Pimpin4Paradise
7/31/20 8:58am
It's an interesting idea though. Better to put it into a trust with a smart
greatbam
7/31/20 9:00am
What rate would that be? Too lazy to do the math
cougaman
7/31/20 9:00am
Roughly 3.1%. I guess it has paced inflation, but that's about it.
Pimpin4Paradise
7/31/20 9:02am
Doubled every 22 years roughly
Triznaynay
7/31/20 9:01am
If it had achieved a reasonable return of 6%, it would be worth nearly $600 million. If it had paced the stock market
Pimpin4Paradise
7/31/20 9:06am
Keep in mind it was a gift entity investing the money, not private... Lucky there was any left after 200 years.
Real G Man
7/31/20 10:09am
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