What is Digg?108 Comments
- Burento, on 08/05/2008, -0/+40OMG.. even with a freaking $100 dollar investment i could have been rich.. More motivation to get a flipping time machine built
- GRTWHT, on 08/05/2008, -0/+31Am I the only one not surprised to see that 3 of the 10 were medical/health care related?
- nickwsmith, on 08/05/2008, -6/+28Screw the credit crunch, we need more articles like this to reinstate our faith in good ol' capitalism!
- TheMachine1, on 08/06/2008, -0/+21I invested my $100 in an 8-track player.
- evolvor, on 08/05/2008, -0/+19Man, if I didn't invest in all those beer companies, maybe I'd have money to invest in these...
- rey1867, on 08/06/2008, -0/+17$100 of money on Google would be worth around $700 right now. These were all penny stocks, so the investor's return would be huge.
- GMofOLC, on 08/06/2008, -4/+18Where's Google?
- Dumbledorito, on 08/06/2008, -0/+12Google wasn't a penny stock. Its IPO was around $100 a share, perhaps a bit less, IIRC.
- aahha, on 08/05/2008, -0/+12now i have a good reason to cash in all those empty beer cans
- tyrone888, on 08/06/2008, -0/+11I hate these types of articles. It's like rubbing salt into a wound.
- deff, on 08/06/2008, -1/+12That joke has now officially been beaten to death
- megaton, on 08/06/2008, -3/+12Er, $30K+ != rich
It's nice, don't get me wrong, but it's nowhere in the ballpark of "rich." - lmp49, on 08/06/2008, -1/+9if only my parents put my college savings into one of these...
- jmpeagle, on 08/06/2008, -0/+7that's actually a mich lower return than what is in this article. When Steve Jobs returned to Apple, he has made the stock go up by a little more than 10x. If you go from the initial stock offering, it is only 50x. Whereas the smallest return in the article is 200x.
- gluesniffined, on 08/06/2008, -0/+7I was the punk kid ***** that worked as a cart boy at Home Depot 20 years ago who, at the time, would have rather spend his money on beer and frivolous crap than take the company up on their stock option and matching program......GahhhhhhHHHHhh!!!!
- krnldmp, on 08/06/2008, -0/+7For every person who gained fantastic wealth in the stock market there are thousands of losers. There's no magic.
- lmp49, on 08/06/2008, -1/+7i'm pretty sure smart investing wins you more in the long run, and impulse buys land you in a trailer home counting change for your next bottle of Jack Daniels
- Dumbledorito, on 08/06/2008, -0/+6Does anyone have a total of all of the "penny stocks" that have failed while these have thrived? Picking them would have, indeed, been fortunate, but I'm wondering if hailing these as a sign of how to get rich is akin to waving lotto tickets.
Everyone could have won if you knew the Powerball in advance, and it cost the same to get in on the action. - Pusod, on 08/06/2008, -0/+6if it were an initial $5000 investment, then it would be time to party!
- Paulish, on 08/06/2008, -1/+7I think the idea is you invest more than $100. 100 was just a kind of benchmark.
- zizzy, on 08/06/2008, -1/+7***** you two of my friends were beaten to...awww ***** it.
- sidewinderaim9x, on 08/06/2008, -0/+5Hindsight is 20/20. And this definitely was not pennies to millions. 100 pennies invested into the stocks on this site would have led to $640 max.
- wukillabee, on 08/06/2008, -0/+5they forgot bear sterns after it crashed, woulda doubled your money in 7 days
- inactive, on 08/06/2008, -0/+5I am more interested in the stocks that turned tens of thousands into pennies.
- Vikaas, on 08/06/2008, -0/+5Unfortunately, the only way you could invest in a time machine was if you had invested in these stocks heavily to begin with.
- PeterOA, on 08/06/2008, -0/+5Google started high and got higher... nowhere near the ratio of these stocks.
- ronaldmonster, on 08/06/2008, -0/+4Funny, they didn't mention Starbucks. Seriously no one on the planet could have predicted the day that people would spend 5 dollars for a cup of coffee and 6 dollars for a sandwich on par with a stale lunchable.
- Alex2, on 08/06/2008, -0/+4Nortel? Anyone? Anyone?
Wait.. WORLDCOM!!! - MrChunks, on 08/06/2008, -0/+4The only stock I'll ever buy is beef stock.
- themastersb, on 08/06/2008, -0/+3If only I weren't just being born around the times I needed to make an investment.
- TravisGolden, on 08/06/2008, -0/+3Where's Berkshire Hathaway? If you invested $10,000 in 1965 it'd be worth $51 million.
- Dumbledorito, on 08/06/2008, -0/+3And welcomed yourself to the "part of the problem with finance today" club.
- zboyet, on 08/06/2008, -0/+2Which is probably lower than inflation so you are just losing money at a slower pace
- oneoverzero, on 08/06/2008, -0/+2@krnldmp. There's no magic, but there is due diligence.
If you aren't a moron, and you really put effort, research, and thought as to what is a safe, intelligent investment and what isn't, you're almost certainly not going to end up one of the losers.
That being said, you probably won't gain fantastic wealth either, but a little extra never hurts. - tlo182, on 08/06/2008, -0/+2hindsight is always 20/20.
- skunkworker, on 08/06/2008, -4/+6For a more recent example.
One share of Apple back in 2003 (14.86)
Would have sold for over 188.60 with a stock split so 377.20.
25.38X ain't too shabby for only 5 years.
So an in initial investment of 104.02 back in '03 would be over $2600 now. - jmpeagle, on 08/06/2008, -2/+4how much money did the workers put up to start the company and how many of their assets are used as collateral? None.
If a companies stock goes to *****, then the owners i.e. shareholders lose a lot more than the workers do. Big shareholders can easily lose in a few months what the worker might make in a lifetime.
Again, if the worker want more reward and risk, then he can go into business for himself. It takes 2 days at MOST to get a license for a business. - digg87, on 08/06/2008, -1/+3damn and i just spent 900 bucks on 2 iphones (1st gen 600 bucks 2nd gen 300 bucks) in 1 year... shouldve bought stock
- dafreshfish, on 08/06/2008, -0/+2When you own these stocks, you'll never feel comfortable that you found the peak. I joined a "startup" in July 200 and I would hear stories about people buying massive homes, buying expensive cars, and flying around the world with all of the stock they cashed in on. But there were an equal number of people who would start the conversation by saying, "IF I just sold last year..." I found out after I left the company that one guy had vested stock options that would have given him at least $1M after taxes... It is one thing to hope you make it big in the market, it is another thing to know you made it big in the market and realize you have nothing to show for it.
- gatorfree, on 08/06/2008, -0/+2This is so sweet. I bucked the trend and bought a crapload of Cisco *at* it's peak in 2000! Thanks for rubbing salt in the wound Digg!
- ParanoydAndroid, on 08/06/2008, -0/+1Maybe my math is wrong is too but the way I'm seeing it:
an initial investment of 104.02 buys you 7 shares at 14.86/share.
It splits = 14 shares at 14.86 per share.
It goes up to 188.60/share
Multiple that 188.60 * 14 shares = $2640.40
So Skunkworker's math appears to be correct. Obviously the split could have happened either before or after the stock rose, but that operation is commutative anyway so it wouldn't matter. - karaokekidd, on 08/06/2008, -0/+1Don't forget bre-X! I had dreams about this scenario for years afterwords. Could have made so much...
"May 1988
Former stockbroker David Walsh incorporates Bre-X Minerals. The following year, shares begin trading on the Alberta Stock Exchange at 30 cents.
"
"October-November 1993
Bre-X says initial test holes encouraging. Shares still below $1 by year's end.
"1994-1995
Bre-X ramps up drilling program at Busang; stock trading at $14.87 by the end of July 1995.
"""May 10, 1996
Bre-X stock price tops $200 on TSX. Stock splits 10-for-1 and soon reaches high of $28 ($280 pre-split). Company has net market worth of over $6 billion." - Gravey9, on 08/06/2008, -0/+1what cola? never heard of it.
- carbonetc, on 08/06/2008, -0/+1If you want really impressive moves that are hard to predict, look at the no-name penny stocks. I remember buying a stock for $2 or so years ago, sold it at $3, and a few days later it was $25. It happens all the time, but getting in on it isn't easy.
- simpleid, on 08/06/2008, -1/+2the problem is, too many people spam too many stocks. it's hard to trust anyone.
we'll prove our claims after this stock makes headlines in another year or two, then people look back and post news stories like this.
let me put it this way, research the Comstock Lode instead of the company. then understand that this vein is believed to be a fissure vien (do some research). only 15% of the property was ever properly explored. assay results are proving the resources again.
the reason why it's taken this long is because of the gold rush through the 1800s the land was incredibly segregated between hundreds of claims, years were spent just consolidating it all so GSPG could do what it is now. PROVING the resources.
to tie the knot... i say to all of you, DO NOT BUY. just watch for the 43-101 qualifying report, the Reserve Report, to release at the end of this month/beginning of next. - douglasr007, on 08/06/2008, -0/+1Didn't Google started its shares at $100? I mean Google started offering stock when it was a successful. Now if Google started offering stock when it was first thought of in 1998...just imagine what the payoff would have been if sold today.
- zboyet, on 08/06/2008, -0/+1Yeah and I am way better at picking these types of stock. Send me a message if you want some stock picks ;)
- anon748296, on 08/06/2008, -0/+1The article does *NOT* say how much the stocks are worth... *RIGHT NOW*. The article says how you would've made if you sold the stocks *AT THEIR PEAK*. For example, Microsoft's stock peaked in 1999 and Cisco's in 2000 (both during the tech boom), and Home Depot's stock peaked in 2000 (during the housing boom). At its peak, you could've sold $100 of Enron stock for thousands of dollars, but right now the stock is worthless.
- karaokekidd, on 08/06/2008, -1/+2Most of the time that's true. But no use being defeatist, there are always opportunities if you try.
- inactive, on 08/06/2008, -0/+1^^ Exactly. Buy into index mutual funds. You never have to guess. The market ALWAYS goes up over time. Warren Buffet has even said the vast majority of investors will never need more than mutual funds.
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