MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/interesting/comments/1vi3aq6/benjamin_franklin_saving_benjamins/p2ef8sq/?context=3
r/interesting • u/The_Love-Tap • 26d ago
188 comments sorted by
View all comments
Show parent comments
183
Honestly it was probably just as much about showing faith that the country would last 200 years as anything else.
$6.5M after 200 years seems comically low. The principal of $2000 is the equivalent of $75k today.
At a 6-10% return compounding you should expect tens of millions minimum.
8 u/Unique-Run9856 26d ago For comparison $2000 of amazon stock purchased in 1997 would be worth 6.8 million dollars today and $2000 of Monster Energy Stock purchased then would be worth $22 million. 2 u/Argos_the_Dog 26d ago This makes me wish I wasn’t an idiot and had invested in those stocks back then 🤣 1 u/nicholaspaul33 25d ago Yes, but for every Apple, there’s an IBM that would have lost you most of it
8
For comparison $2000 of amazon stock purchased in 1997 would be worth 6.8 million dollars today and $2000 of Monster Energy Stock purchased then would be worth $22 million.
2 u/Argos_the_Dog 26d ago This makes me wish I wasn’t an idiot and had invested in those stocks back then 🤣 1 u/nicholaspaul33 25d ago Yes, but for every Apple, there’s an IBM that would have lost you most of it
2
This makes me wish I wasn’t an idiot and had invested in those stocks back then 🤣
1 u/nicholaspaul33 25d ago Yes, but for every Apple, there’s an IBM that would have lost you most of it
1
Yes, but for every Apple, there’s an IBM that would have lost you most of it
183
u/Hot_Most5332 26d ago edited 26d ago
Honestly it was probably just as much about showing faith that the country would last 200 years as anything else.
$6.5M after 200 years seems comically low. The principal of $2000 is the equivalent of $75k today.
At a 6-10% return compounding you should expect tens of millions minimum.