There are one heck of alot of Monet paintings around. Not even counting fakes. At some point they will be worth alot less. Good for this guy to get someone else to pony up that much cash at this point.

---

They constantly try to escape from the darkness outside and within
Dreaming of systems so perfect that no one will need to be good T.S. Eliot

Several years ago some guy purchased the ex Steve McQueen Porsche 911 that appeared in the 1970 movie "LeMans" for an absurd $2.3 million. He then spent the equally ridiculous sum of $500 K to get the car "restored" to like new condition effectively erasing any part of Steve McQueen from the car. I would have left McQueen's shit stains on the seat if there were any just to keep it as original McQueen as possible. I would seriously suspect the car now would not sell now for anything close to what was paid for it.

OTOH, Also lots of stories on items bought in a garage sell found to be worth a lot.

I would guess that if you invested 2.5 million at different times in the 70's and 80's in companies like Microsoft, Apple, Dell, etc. you would be up man, many billions now. As to a long term investment, suppose they could go belly up one day, but if you took a couple bill off the table first, think you would have been ok..Wasnt there a story recently about a guy that owned 10% of apple and sold it early??

If I could have afford any original it would have been a Modigliani or a Chagall.

I guess you are correct.
A $1,000 investment in Microsoft on the day of its initial public offering, or IPO, on March 13, 1986, would be worth more than $1.6 million today, according to CNBC calculations. That includes price appreciation and dividends.

That painting was bought in 1986 too.

IIRC the winner is Home Depot though I don't have time to validate it at the moment. It IPO'd at $12/share, currently trades at $193/share, and, after you factor splits, 1 share at the IPO would be ~45 shares today so [(193 x 45) - 12]/12 = 722x

...and that's before factoring ind dividends or if you reinvested those dividends.

But isnt that Microsoft investment a 1600 return on investment over that period of time?? What math am I missing??

I am not sure either. In any case HD was IPO'd in 1981.

So, if you were to invest today $1000 for your kid, for the next 30-40 years. what stock or type of stocks would you pick?

So, if you were to invest today $1000 for your kid, for the next 30-40 years. what stock or type of stocks would you pick? //

That's a tough one, as I would tend to be a gambler and swing for the fences. That swing would be maybe Tesla, or Uber, or any of the leaders in very new technologies. But I would probably just get a share of Amazon or few shares of Apple. I thought I was a genius when I bought amazon for $160 and sold it for $240, dam I was smart..(-;

Those two companies are likely to be the GM or GE of the past century, but of course we know what happened to those two companies. But 30 or 40 years out, ought to be ok with either..

Bump your time frame down to 5 years: Ethereum.

I am a bit of a gambler myself. wrestling with the idea weather to sell my Shopify stock. Bought it when price was in high 80's (not low teen it was IPO'd) and its close to 280 now.

I know I'm missing a lot of somethings, but I don't think the painting is that pretty.

---

maybe she's born with it, maybe it's chlorine
If you're injured and need some sympathy, PM me and I'm very happy to write back.
disclaimer: PhD not MD

Short Amazon.

---

Be Uncommon

as far as I am concerned you are not missing anything. its either someone that like Monet use of light and colors and his place in the history of art perhaps (blah blah), or just a super wealthy person that needs this kind thing to enhance his sense of worth and for its prestige.

Is that meant for Monty/

I did that from my phone in 30 seconds and butchered the math. A correct assessment of Home Depot's total return since its IPO:


https://finance.yahoo.com/...1-000-130300932.html

How long are you thinking here? As long as it takes?

---

Long Chile was a silly place.

Well you could always sell some of your stock, 25%, 50%. You don't need to sell it all. Shop is a stock I like to use as an example of something so far in the stratosphere but recently has been replaced by Beyond Meat instead.

---

---

Save: $50 on Speed Hound Recovery Boots | $20 on Air Relax| $100 on Normatec| 15% on Most Absorbable Magnesium

Blogs: Best CHEAP Zwift / Bike Trainer Desk | Theragun G3 vs $140 Bivi Percussive Massager | Normatec Pulse 2.0 vs Normatec Pulse | Speed Hound vs Normatec | Air Relax vs Normatec | Q1 2018 Blood Test Results | | Why HED JET+ Is The BEST value wheelset

Confusing multiple with percent. A $1,000 investment that grows to $1,600,000 would be worth 1,600 times the original investment, which equates to a 160,000% return (technically, a 159,900% return because you don't count the original $1,000 investment). That's roughly 37 times greater than the 4300% return on the painting.

And as pointed out in subsequent post, the current value would be closer to $14,000,000, not $1,600,000. That would be a 1,399,900% return, or about 320 times the return on the painting.

I should add that I already sold my intial investment back on 3/1 when the stock price was $191. Beyond Meat is really interesting, I didn't think of this meat alternatives types of products.

As for the long term, I was thinking Solar companies, or 3D printing (which didn't take off as it was believed to). your (or anyone's) thought? Amazon as Monty said?
I am not using this post as a request for advice but rather as s stimulus for discussion.

maybe. But artists estates and auction houses do a pretty good job of controlling the market. They get to determine Provenance which ultimately determines value. So in the end if more of the world's wealth ends up in fewer hands the more valuable these unattainable assets will be.

For a fun case study on this consider the grading system of baseball cards. Most cards have been terrible investments. 30 Year ago Micky Mantle rookies were selling for $10K-25K. But the industry reduced supply by creating a robust grading system. The $10K cards are worth the same (maybe increased at the rate of inflation) but the premium cards - the ones selling for $25K back then - are selling for well over $200K. The "ruling class" of the baseball card industry protected their investment buy creating a system to reduce supply. Brilliance.