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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: Uncle Frank who wrote (80267)9/13/2000 9:23:49 PM
From: 16yearcycle  Read Replies (2) of 152472
 
Calculating the compounding difference over 5 years should show any reasonable person that trying for 55 instead of 60 is ridiculous. If qcom rises to 500 in the next 5 years, Jacob will have a 55.45% annual return if he buys at 55, or a 52.85% annual return if he buys at 60.

Even if you were the unfortunate one who bought at 200, and Qcom is at 500 on 1/3/2005, you still would have achieved a return of 20% compounding.
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