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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mike M2 who wrote (231203)3/26/2003 9:27:19 AM
From: Knighty Tin  Read Replies (2) of 436258
 
Mike, One of my favorite fund cos., The Investment Co. Of America (American Funds flagship), has this great chart going back to the 30s showing how much money you would have made had you invested $10,000 then. It is pretty impressive. They use semi-log paper because a chart to scale would reach to Jupiter or something, according to the wholesalers.

But they beg the question: Ex the Kennedys and Rockefellers and Mellons and a very few rich families, who the heck had $10,000 to invest in the early 30s? A person with $10,000 of surplus income was rich beyond belief in those days. The hit song was "Buddy Can You Spare a Dime?" Now, if you give a bum a dollar, he calls you a cheap bastard. I know that I yell at folks unless I get a fiver. <g>
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