02-08-2019, 11:12 AM
(02-08-2019, 11:02 AM)fenders53 Wrote:(02-08-2019, 09:47 AM)chascornell Wrote: My dad won two MCD stocks in the 70s in a raffle, now it is over 300 shares!
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No offense intended, but I felt the need to fact check that claim. While I was at it I checked the price in 1970 because I clearly remember asking for a Mickey Mouse watch for my 8th birthday. It was $8 from the JCP catalog. MCD stock split adjusted was under 30 cents then. That would be about $5K now! Oh wait, I forgot about the dividends lol. DIS shares probably not a bad call in 1970 either. It's painfully clear that I have always sucked at investment decisions. I do still have the watch though. I suppose it's maybe worth $50.
If you want to feel really bad, check out what $1,000 invested in MO in 1970 would be worth today, with dividends reinvested.