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this post was submitted on 10 Jul 2023
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[crying] Bought $10k AMZN late-1999, sold in late-2000, because it lost like 50% value. A very expensive lesson learned not to play in the market. Ironically I now both know better than to buy individual stocks, but also have the fortitude to stick it out.
VTSAX and chiill.
Assuming you bought on Dec. 1st, 1999, $10k would have purchased around 2,300 shares. After the recent 20:1 split you would have 46,000 shares. Closing price per share today was $127.13. Had you held onto that stock, your $10k would now be worth $5.85 million dollars. Roughly a 34% annual growth rate. Not bad!
yes I'm well aware of how much I screwed up. Also owned a few grand of Applied Material (AMAT); bought and sold around the same time.
Then again, when I sold it felt like they were gonna be the next .com bubble victim. I panicked. It was a very expense lesson at the time. Even more so now in retrospect.