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Title: Here's how rich you'd be if you invested $1K in Amazon when it first went public
Post by: Mackin USA on May 16, 2017, 11:55:55 AM

$491,000

https://beta.finance.yahoo.com/news/heres-rich-youd-invested-1-160100036.html

Title: Re: Here's how rich you'd be if you invested $1K in Amazon when it first went public
Post by: rcjordan on May 16, 2017, 12:05:47 PM

Remember Henry Blodget?

QuoteIn October 1998 he predicted that Amazon, then trading at $240, would trade for $400 within a year. This was thought highly unlikely by many traders at the time; however, just three weeks later Amazon's stock passed that mark (a gain of 128%).

This call received significant media attention. Two months later, he accepted a position at Merrill Lynch,[3][4] and frequently appeared on CNBC and other similar shows. In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.[5] In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.

https://en.wikipedia.org/wiki/Henry_Blodget

Title: Re: Here's how rich you'd be if you invested $1K in Amazon when it first went public
Post by: buckworks on May 16, 2017, 02:30:23 PM

I invested in myself ... and did okay. :)

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Why We Are Here => Economics & Investing => Topic started by: Mackin USA on May 16, 2017, 11:55:55 AM