| Author |
 Replies: 25 / Views: 5,567 |
|
Pillar of the Community
United States
1406 Posts |
So everyone talks about what if you set aside a box of quarters back in 1964 and how it would have been an amazing investment. I decided to check it out and to my surprise it really wasn't that great until this past year. Check this out:
$1000 in silver quarters today is worth $23,965.60 which is a 6.84% return if you set it aside in 1964.
Sure that is a good investment but if you looked back ten years ago not as good. Check this out:
$1,000 in silver quarters ten years ago was worth $3,616.80 which is a 3.44% return on your 38 year investment.
So everyone who thinks they missed the boat on a good investment 48 years ago need to consider this:
Investing in $1000 face of silver ten years ago would have net you a 20.8% return today! So....who really missed the boat?
By the way, a $1000 investment in Apple stock 8 years ago would net you $131,172.41 today; an 84% return on your money. Edited by captainkurt
01/31/2012 5:20 pm
|
|
|
|
Valued Member
Canada
85 Posts |
it makes me want to cry just to know all the money in circulation was full of silver! I do have quite a bit from my grandparents and I bet you right now so many people have change from back then and dont even know it`s worth more than face value by a heck of a lot.
For example I was helping an old friend of the family move. I was emptying out some of his old dressers (drunk drawers) and I found a container of change. Every single coin was 1968 and previous. So I tested him out, I said `what do you want me to do with this change` and his response was ah its just pocket change it doesn't matter throw it a box somewhere. I told him that it was actually worth 500 bucks in silver. He didnt believe me until I proved it to him. He was so excited that he gave it to me for $200. Not very many people know that money back then is worth more now.
|
|
Pillar of the Community
United States
2335 Posts |
Quote:
$1,000 in silver quarters ten years ago was worth $3,616.80 which is a 3.44% return on your 38 year investment. The price of silver was virtually unchanged throughout those 38 years. The vast majority of the return was made in the last few years of that period. |
|
Valued Member
United States
292 Posts |
Was inflation accounted for? And cost to store/move? And based on trdhrdr007's statement copper and nickel hoarders are way ahead of their time based? Hmmn.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
By the way, a $1000 investment in Apple stock 8 years ago would net you $131,172.41 today; an 84% return on your money. If you choose the right time period or investment, you can prove just about anything. Instead of Apple, for example, choose the S&P 500. Yes, it did well during the 1984-1999 time frame but not so well for the past 10 years. The S&P 500 is a good way to look at stock performance because it shows a pretty good average stock performance. Exceptional stocks, like Apple, have done very well for the past 10-12 years. Before that, Apple was a very average stock. Then, of course, there were stocks like Enron, Worldcom, and Sun MicroSystems. Sun was especially interesting. It went from $4 to $100 and back to $4. The buy and hold crowd made no money on it. Those who used stops and let the stock run made a small fortune.  Those who did well with pre-1965 US 90% silver coins were the ones who inherited them. Their cost was zero but their selling price was good... or better, depending upon when they sold... if they sold.  |
|
Pillar of the Community
United States
802 Posts |
Wow, GREAT reality check captaincurt!
|
|
Pillar of the Community
1283 Posts |
When I was in college in 1999 I bought 400 shares of Apple at $9 something a share on Margin, The stock drop to around $4 they made a call I couldn't/didn't want to cover it so they sold all but 9 shares. Well I guess the moral of the story is I currently own 9.678 shares of Apple LOL
|
|
Pillar of the Community
United States
619 Posts |
My mom has found a few silver dimes in her change, and has been giving them to my nephew. He took one to school for "show and tell" one day. When he told the kids what it was worth, his teacher didn't believe him. Some people are just ignorant.
|
|
Pillar of the Community
United States
2661 Posts |
That is a pretty clear picture you painted but I have just one question. Quote:
By the way, a $1000 investment in Apple stock 8 years ago would net you $131,172.41 today; an 84% return on your money.  How did you come to this conclusion? By my math I would have realized a 131.172% gain over the 8 year period. Before CapGains taxes of course. |
|
Pillar of the Community
United States
667 Posts |
It is wise the person who invests in the stock market and in addition diversifies their other holdings. Doing some speculation in gold and silver has done well.
The down side to the stock market that is not pointed out is not every stock did as well as Apple.
In the long run the stock market has been solid and is something I believe in. Pm's have done well and the reasons I speculate are completely different than why I invest in the stock market.
My honest hope is that I am covered for the good times and the bad times. Just think if you had to retire with all your money in the stock market and it was down big time.
Pm's add some security if something major would take place such as another world war and devastation in the USA as their was in Europe during WWII. Who knows when the next Attila the Hun will come around.
Oh by the way investing in silver 1 year from today would net you a return of 18% just five back would be 147%, Investing in gold 1 year back would give you a 30% return and five years 168%. Not to bad if you were a beginner.
|
|
Pillar of the Community
United States
745 Posts |
Quote: Then, of course, there were stocks like Enron, Worldcom, and Sun MicroSystems...Add GM to your list of LOSERS,  they forced workers to buy GM stock in order to get a small % on 401k match.  Now all those old GM stock papers are worth less than TP!  Edited by Penny4Me
01/31/2012 10:51 pm
|
|
Rest in Peace
United States
9104 Posts |
Quote:
By my math I would have realized a 131.172% gain over the 8 year period. 13,017.2% 1.84^8=131.3840315232157696 About a year ago, Chipotle's had gone from $35-140. It's now $350. |
|
Pillar of the Community
United States
3670 Posts |
|
|
Valued Member
United States
122 Posts |
Captain Kurt, you have one glaring error, by my reckoning. You couold not buy $1000 worth of silver coins ten years ago for $1000. The $1000 worth of quarters in the box would have been clad ones. That would be worth somewhat less than $1000 today in real terms. A very poor investment. (Please correct me if I am wrong.)
|
|
Valued Member
United States
404 Posts |
If you invested $1,000 @ 84% APR in 8 years you would have 131k.
Big-byte - think he means buying $1000 worth of 1964 quarters and his math is correct, he invested $1000 in quarters 10 years ago at spot for around $3,300. That $3,300 investment 10 years ago would be worth $23,900 today. Which works out to be a 20.8% APR.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:Add GM to your list of LOSERS, Indeed. GM has been an especially egregious example of corporate incompetence. For years and years GM caved in to almost every demand that the auto workers made. Not saying that some of them were not justified but both the company and the unions forgot that car BUYERS are the ones who decide how much their cars are worth, not the company and not the unions. When GM cut corners to make their cars cheaper, LOTS of buyers fled to other brands. A 1981 Pontiac station wagon was the most expensive car I ever owned. It was truly something. After all was said and done with it, I would have been better off buying a new luxury car of some kind rather than that 2 year old Pontiac. Anyway, that soured me on GM products and it was almost 20 years before I bought another one. It's a 1999 El Dorado and it is a very nice car. As to company stock, it ALL depends on the company. The company where I worked had a nice 401K plan and we could choose a 3% match in cash OR a 6% match in company stock. We only had to hold the stock for 9 months before we could sell it, so I took the bigger match. Our stock was also cyclical, moving in price between about $20 and $40 a share. By picking the times to buy additional shares in my own investing account and selling my company match shares, I did real well with it. The company was strong financially, so I thought this worth the risk. With a weaker company, I might have gone with the 3% cash match. |
| |
Replies: 25 / Views: 5,567 |
Posted 01/31/2012 5:48 pm
