Quote:
Originally Posted by Buick61
I think the real question is, "Why was GM's stock so low in 1954?" The world was an oyster and GM was a knife.
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Do the math... Don't you remember gramps telling you stories about nickle candy bars?
$10 in 1954 dollars is worth $125 dollars in 2008 based on simple interest (or ~$90 based on CPI)
If GM was trading between 90 and 125 no-one on this site would be posting any complaints about anything...
BTW if you base growth on the DOW index... a $10 stock in 1955 would be worth ~$300 today...
$10 a share in 1955 was not cheap... that was blue chip royalty.
My parents bought their house in 1965. Paid 13,500 for it... Sold it two years ago for $890,000...
Boy property was cheap in the mid 60's
