I bought some Microsoft in the mid-1990’s for around $5-6, and I sold it way too early, at less than $20 a few years later. I wish I would have kept it until it got up to the mid to high 50’s. But now it’s back to $30.
sdr – you should have sold at $57-58 in the late 1990’s, bought AOL, re-sold it two years later, and bought Google – you could be a billionaire now.
The adjusted cost of my MSFT shares is less than 15 cents. I sold about 10% of my holdings in the late 90’s to put 20% down on my house. The rest I will never sell.
I dont worry about or care to be anything more than comfortable and secure with time to enjoy my family. In my world that makes me a billionaire already.
sdrealtor, what are your assumptions about MSFT’s dividend growth rate over the next 20 years? I’m curious as to how you’ll get to six figures in dividend income.
5-10% growth? Hasn’t Microsoft’s stock price dropped by 50% since January of 2000?
sdr – 15 cent per share basis? That means you bought in around 1986 or so. Who heard of Microsoft in the mid-80’s, unless you were an employee? I sure didn’t, and I lived in Washington state until 1987. If you really did buy at 15 cents I have to congratulate you, but that’s kind of incredible.
I’m talking dividend growth not share price. You are right on with the time frame. I owe it all to one of my best friends. I had two best friends in college. One was very wealthy and one was very smart. The wealthy one was an orphan that lived off IBM dividends and a RE portfolio in NYC. I always admired his parents foresight and always talked about looking for my IBM. The very smart one was a Comp Sci major. One night we were hanging around talking about life and he told me about a company that was going public which would change the world. They had a disk operating system that was a huge improvement in computing technology. I didnt know anything about computers but I knew he was brilliant and well ahead of his time. He didnt have any money to invest but told me to buy some right after the IPO. I waited a few months as I wanted to buy a new car first after graduating.
Fast forward, 20 years. The wealthy one is still wealthy and travels the world writing. The very smart one is a very successful senior executive at an Internet company who has made and lost a fortune several times. FYI, among other things I took him to the Super Bowl a couple years ago for the trip of a lifetime. They still are two of my best friends.
.
