When I first started investing, I would often lament the fact that I had missed out on earlier opportunities to invest in quality companies.
Mainly, Microsoft, because there were so many stories of people making a lot of money off their long term investment.
As I would dig into the numbers further, I figured out that even if I had of invested 10 or 15 years after the company became public, I would have still make a substantial amount of money. With the dust settling on a new election and me turning 50 this year, it had me reflecting and asking the question, “Is now a good time to pick up the stalwarts of the future?”
I’m the youngest of 8 children, and I have a niece who recently will turn 36 and she will be having a baby soon. It had me running the numbers on the matrix of when my siblings turned 50, when she will turn 50 (2030) and I will be 64 when she does. Below is my email to her, regarding some brief advice to “buy and hold”. What do you think are good long term picks?
In 1987, based on this chart, Microsoft was roughly .25 cents per share (after factoring in all the splits, etc. over time, i.e. that’s what your cost would have averaged out to be if you never sold it) It was, in reality, I’m guessing roughly, between $50 and $80 per share.