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Gitanshu:
Thanks, you made me feel a little better. Even if I had done it I probably
would have sold LONG before the top. If you buy a seat you usually do it as
your cost of doing business. My regrets are mainly that I did not do it for
the adventure of being where the action is. Something to reminisce about when
I am in my rocking chair. Now i get enough adventure driving the LA freeways.
Norman E.
Gitanshu Buch wrote:
> > 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
>
> [Image]
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