ST Alpha - "Funny/interesting story from the weekend. My former landlady called me to try to figure out a cost basis for a stock." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 159

Funny/interesting story from the weekend. My former landlady called me to try to figure out a cost basis for a stock.

Posted by We Bare Barons (aka BaronWasteland) Sep 8 '15, 06:48

Her then-fiance purchased Apple stock some time ago but she didn't have the date. I was able to narrow down the date range for her which was around April 1999. Since then, Apple has split three times (2-1, 2-1, and 7-1), making his cost basis around $1.25.

Apple currently goes for $112 per share. If he bought 100 shares at that time, it would currently be worth more than $300k.

Holy capital gains, Batman.

Responses:

I make myself sick in realizing how much the $1k I wanted to invest in Dec 1997 would be worth. - Will Hunting Sep 8, 06:54 4
- In 95 I inherited about $2,000 from an old trust fund, I bought a used car.... -- nm - zeitgeist Sep 8, 14:42
- Just think of how many more web connected devices you could have!!! -- nm - Shaun Sep 8, 07:02
- It traded mostly sideways for the better part of 4 years after the great Y2K washout. - We Bare Barons Sep 8, 07:00 1
  - I think my adjusted price would be about 45 cents a share. -- nm - Will Hunting Sep 8, 07:11
barely worth the trouble. -- nm - Reagen Sep 8, 06:50 1
- Yup. I don't think she had any idea it would be that low. -- nm - We Bare Barons Sep 8, 06:53

Post a message top

Funny/interesting story from the weekend. My former landlady called me to try to figure out a cost basis for a stock.

Replies are disabled on threads older than 7 days.