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     Saarang Pilla Bewarse Username: Saarang Post Number: 182 Registered: 04-2015 Posted From: 97.113.94.59 Rating: N/A |
On May 15, 1997 Amazon sold 3 million shares at $18 per share. The price fluctuated a bit over the first few days, but stayed at around that price until early July that same year, giving plenty of time for average Joe investors to buy in close to the IPO price. Let’s say instead of buying a Seattle home, you took your $41,000 and put it all into Amazon stock, buying 2,278 shares at the $18 per share IPO price. Three stock splits (two 2:1 and one 3:1) and twenty years later, you now hold 27,336 shares of Amazon, worth $26,242,560—a return of 63,900 percent. It’s not even a close race. Amazon stock has absolutely walloped Seattle real estate as an investment over the last twenty years, with nearly fifty times larger returns. |