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Location: Santa Clara, CA
4000% gain utility stock
In this family gathering, one of my wife’s relative boasted he invested $5000 on 1990 in an utility stock and now is at $200000.
How much truth is that? How can I verify if this can be true?
Sat Dec 30, 2017 4:46 pm
oldguy Senior Member
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quote: How much truth is that? How can I verify if this can be true?
That turns out to be 14.6%/yr compounded for 27 years - that is fairly common, there are probably dozens of stocks that did that. Eg, the generic US Market ( the SP500 Index) grew at an average 17%/yr from 1981 to 1999.
His claim seems completely believable - I don't question it. But to truly validate his claim, you need to know the company name. Then you can google the history of the company.
The index averaged 9.9%/yr from 1990 to now. So if the whole group averaged 9.9%/yr the winners are probably over 15% and the losers are probably 0% or worse.
Sat Dec 30, 2017 6:29 pm
jgw1998 New Member
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Location: Santa Clara, CA
what is the typical utility stock gain from 1990 to date
Thank you.
what is the typical and average utility stock gain from 1990 to today?
I think typical utility stock is selected for its conservative high dividend return. Not it high growth stock value gain, like high tech stocks?
Tue Jan 02, 2018 12:27 am
Carmen W Contributing Member
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Most probably all these news are fake. I guess there is no shortcut to making money all you have to do a lot of work to get the real success and money. So do focus on online essay writer australia to become successful.
Thu Nov 08, 2018 4:01 pm
SusanaP Member
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Location: Managua
Good news!
The economy has been growing well, recently I saw the economic calendar , we could say that the American economy is very stable and growing
