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Re: Paulness post# 31274

Wednesday, 03/22/2006 10:45:09 AM

Wednesday, March 22, 2006 10:45:09 AM

Post# of 64738
Paulness, I agree about holding long term.

I bought DELL in 1993, I had little money then so bought 100 shares at $16.25 or so. $1,625 total investment. It was the second stock I ever bought - the first went bankrupt.

I sold for about 60% gain in 6 months, and was very happy with that.

If I held for 7 years until the year 2000, the numerous stock splits would have turned my 100 shares into 6400 shares. At the high of around $55 in early 2000, that would have been $352,000 - or more than 200x my original investment - that's 200 TIMES my money.

If only I had known - would have borrowed like crazy, invested $16k, turned it into $3.5 million, and be typing this from home, not work.

holding my cygx for the long-term...


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