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Replies to post #39906 on NanoTech Entertainment Inc (NTEK)
NASCOW
05/06/13 1:46 PM
#39924 RE: Nikodemos #39906
Let's put your lucky Coca-Cola stock holder's returns in perspective. First, while $40 in 1919 may sound like a lot, it's the equivalent of about $531 today. It's a somewhat significant sum of money, but with some concentrated cost-cutting over a few months -- of cutting cable or skipping dining out for a while -- it's an amount that's not all that difficult for the average American to save up. Obviously, the time frame (93 years) is more than a decade longer than the average American's life expectancy [but 7yrs less than a hundred], so it's unlikely any one person lived long enough to toast their $10 million good fortune. But their heirs certainly were around to thank grandpop for his savvy investment. A similar time frame could be achieved by buying stock today for a newborn child or grandchild. So we've accounted for two main factors for the Coke investor's long-term success -- a decent-sized initial investment and the wherewithal to hold on to that stock for a lifetime. However, the most difficult part of achieving this scenario today is that very few companies last as long as Coke has.