Fun investment fact: the two trades that over 40 years turned 1′000 USD into >1′000′000 USD
1′000 USD in Gold on Jan 1970 for 34.94 USD / oz (USD 1′000.00)
1st Trade Sell Gold in Jan 1980 at 675.30 USD / oz (USD 19′327.41) Buy Dow on April 18 1980 at 763.40 (USD 19′327.41)
2nd Trade Sell Dow on Jan 14 2000 at 11′722.98 (USD 296′797.14) Buy Gold on Nov 11 2000 at 264.10 USD / oz (USD 296′797.14)
Portfolio value today: ~1′187′188.57 USD
:-)
Technically, you started and ended not with 1′000 USD and 1′000′000 USD, but 28.62 ounces of gold and 1124 ounces of gold, which is not quite as impressive-sounding. Still, four trades could have gotten precisely what you said.
Fun investment fact: the two trades that over 40 years turned 1′000 USD into >1′000′000 USD
1′000 USD in Gold on Jan 1970 for 34.94 USD / oz (USD 1′000.00)
1st Trade Sell Gold in Jan 1980 at 675.30 USD / oz (USD 19′327.41) Buy Dow on April 18 1980 at 763.40 (USD 19′327.41)
2nd Trade Sell Dow on Jan 14 2000 at 11′722.98 (USD 296′797.14) Buy Gold on Nov 11 2000 at 264.10 USD / oz (USD 296′797.14)
Portfolio value today: ~1′187′188.57 USD
:-)
Technically, you started and ended not with 1′000 USD and 1′000′000 USD, but 28.62 ounces of gold and 1124 ounces of gold, which is not quite as impressive-sounding. Still, four trades could have gotten precisely what you said.