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> came close to buying a seat on the Merk. in 1968, last sale
> >at the time was $12,500. A few years ago it hit over $800,000. I hope
> >this is the only stupid thing I admit to on here.
Norman
You probably saved yourself some money.
Assuming a "few years" is 3 years, and the "Merk" = the Chicago Mercantile
Exchange - over a 28 year period from 1968 to 1996, your CAGR would have
been 16% if you actually sold for 800k.
Just 2 more years later the bid on the seat is 325k, which works out to
11.5% compounded for the 30 year holding period.
I'd stick to stocks.
Better ROI even if you consider lease income, and less physical stress for
equal/superior risk.
In spite of 1972-79, 1987, 1991, 1997, 1998 and who knows what may come from
now on.
Just a cost-benefit opportunist's thought.
Gitanshu
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