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|Subject: How long will it last? ||Date: 1/2/2000 9:34 PM|
|Author: Gelfson||Number: 17239 of 81559|
I wasn't sure where to post this question so ASK a Foolish and here got chosen.
Thanks in advance!
Last year I purchased an equity that has so far returned 171% average for two years in a row. I only got one year of it, however. So on a $1000.00 investment I have more than DOUBLED the investment in one year. According to a program I just finished running, by the time I turn 59 1/2, the equity will be worth more than $76,000,000.00[seventy-six million dollars.]
I don't want to sound like a BEAR but if this BULL keeps charging around, I'll have over One Trillion dollars by age 66.[the earliest I can retire by current "wisdom"] All this on a one thousand dollar investment.
The basics are:
Initial Investment - $1000.00
Interest - 171% average so far
Years to retirement - 14
Now either my program is wrong [done many times before and it was correct], or it is right and that is my quandry.
Opinions as to the veracity of this is more than welcome. I hope it is correct.
I'm wishin' and a hopin' a happy new year to all.
P.S. It is in an internet equity
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