From R100k to R100 million in 20 Years At 40% Growth Possible?

[FrankieK]

For now I'll be concentrating on normal shares, I've been burnt by CFDs and SSF so I'm staying away from them.

EDIT: I'll be using CFDs if I want to short, but not in the next 3 months or so.

All the best. Keep us updated after you start.

 

[Sly21C]

All the best. Keep us updated after you start.

I will . I won't state how much money I've invested (I know I said R100k in the OP, but I said it as a guide). I'll only mention percentage growth.

 

[Oopsie]

These gains are impossible for such a long time. I did however chuck R485K into a single stock and it made 1 760% over 3 years without the divies re invested. It paid great divies at about 5% a shot.

 

[Sly21C]

These gains are impossible for such a long time. I did however chuck R485K into a single stock and it made 1 760% over 3 years without the divies re invested. It paid great divies at about 5% a shot.

Well done on your successful investment, which share did you invest in?

We'll have to see if it is indeed impossible, I will say that it will be extremely difficult for me especially since I'm not a proffessional trader.

 

[Adenoid Hynkel]

I think it was one of the founders of Apple who sold his stake because he didn't want to continue.... he owned 10% or something. Sold it for something silly.
Ah, here we go:

Wayne received a 10% stake in Apple but relinquished his equity for US$800 less than two weeks later, on April 12, 1976

He would have been worth in excess of $70bn now.

Wonder if he thinks of this day in day out. Is he still alive or did he jump off a bridge already?

 

[Mike Hoxbig]

20 years ago nobody in their right mind would've put R100 000 into a penny stock.

I was only making about R30 000 a year back then.

And if you had invested that R100 000 in PSG, it would most likely have been a small part of your R5 000 000 portfolio.

Yep, that's about 320k in today's money.

Who here would dump 320k of their money, if they even have that amount liquid, into 1 out of a few hundred companies and hope for the best in 20 years?

 

[Hamster]

Wonder if he thinks of this day in day out. Is he still alive or did he jump off a bridge already?

Or if it is a true story at all or just somebody that looked at historical data and picked a share to write an article/"lesson"

 

[FrankieK]

Or if it is a true story at all or just somebody that looked at historical data and picked a share to write an article/"lesson"

Ronald Wayne. True story.

 

[Hamster]

Ronald Wayne. True story.

Well fsck his life

 

[Thor]

These gains are impossible for such a long time. I did however chuck R485K into a single stock and it made 1 760% over 3 years without the divies re invested. It paid great divies at about 5% a shot.

What share?

Must be Naspers

 

[SauRoNZA]

Well fsck his life

LOL

It all comes back to investing as much as you can as early as you can and riding the compounding wave.

 

[SZN]

Well done on your successful investment, which share did you invest in?

We'll have to see if it is indeed impossible, I will say that it will be extremely difficult for me especially since I'm not a proffessional trader.

What share?

Must be Naspers

CML

 

[Hamster]

What share?

Must be Naspers

I would've thought Aspen

 

[Papsak]

It's highly unlikely that anyone would only have one stock, and that one being an out of the park winner. But for interests sake, I picked 10 random shares that someone might have picked 5 years ago in a fairly well balanced portfolio. R100K (10K into each) would have turned into R289K without dividends - last couple years have been tough as well. Surprised at Mediclinic

npn 55000
psg 31700
sanlam 12900
bti 18900
eoh 51400
aspen 32100
mediclinic 51800
shoprite 7000
Pioneer 17800
Richmont 11100
289700

 

[AirWolf]

Ronald Gerald Wayne (born May 17, 1934) is a retired American electronics industry worker. He co-founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs, providing administrative oversight for the new venture. He soon, however, sold his share of the new company for $800 US dollars, and later accepted $1,500 to forfeit any claims against Apple (in total, equivalent to $9,185 in 2015).

He's 82 and still going.

 

[Oopsie]

What share?

Must be Naspers

No. It was CML. Coronation Fund Managers. Then I took early retirement.

 

[Thor]

No. It was CML. Coronation Fund Managers. Then I took early retirement.

Ahhh.

Yea that is a nice stock. Wish I was more active back then.


All our stocks looks beautiful up until june 2015

 

[Sly21C]

No. It was CML. Coronation Fund Managers. Then I took early retirement.

Correct me if I'm wrong...A R485k increasing by 760% is about R4.2 million? So a 5% divident is about R210k a year, about R18k a month? I wish I was you , you've achieved financial freedom.

Wouldn't a Capitec savings account with 7% interest be better maybe? Meaning you move your wealth to Capitec from the stock market?

 

[Oopsie]

Correct me if I'm wrong...A R485k increasing by 760% is about R4.2 million? So a 5% divident is about R210k a year, about R18k a month? I wish I was you , you've achieved financial freedom.

Wouldn't a Capitec savings account with 7% interest be better maybe? Meaning you move your wealth to Capitec from the stock market?

No. It was not 760% but 1760%. On looking back at my docs I see it was with divies re invested. Unfortunately I missed the high of ~R110 odd and sold at ~R90 when it started tanking. Still made a major profit though and paid zero tax on it.

 

[SZN]

Still made a major profit though and paid zero tax on it.

I'd be interest to know how you did this if you're willing to share.

Normally you's pay Income Tax/CGT on the profit on sale.

Were you still a SA resident when you sold the shares?