Imagine if they would have opted to buy into and ride the tech stock craze instead…
Hmm, lets see, if they bought into the tech stock craze instead, if they bought QCOM with their $28k in 1999 @ a price around $3.75/share, that’s about 7466 shares. If they sold at the peak in 2000, it’ll yield a profit of $578k pretax. With a 15% long term tax, you’re looking at around $491k. Take that $491k and buy MTH in 2000 @ $2.75, sell it in 2005 for $92 will give you an after tax profit of (drum roll please)$14.1M. Man, lucky they’re not stupid enough to put it in the tech stock craze instead.
