If you had held £1,000 each in RBS and Apple in July 2007, those holdings would be worth respectively £48 and £8,300 today.
A changed world
Ten years ago, when we were still scarred by the recent dot.com bust and buoyed by the seemingly unstoppable credit-fuelled house price boom, who would have predicted that Apple would outperform RBS by a factor of 160 over the next decade? In the same way, it might seem perverse today to expect banks to outpace technology over the next 10 years.
But in the week that the US Federal Reserve gave a green light to $100bn of dividends and buybacks from newly secure US banks and in which investors have bailed out of the highly rated technology stocks that have led the market higher all year, it is worth reflecting on how important but difficult it was to spot the straws in the wind in the summer of 2007. At least this time round you can watch it all unfold on your iPhone.
And if you just waited with that £1,000 until January 3rd 2009, and bought a million Bitcoins… 😊
Wowser! I'd have more Bitcoins than Craig Grant! LOL!
As dear Delboy would say: This time next year we could be millioners! If that 1k was invested in bitcoin back in 2009 or 2010 where would our invesment be now:)
$2500000000 :)
Thats a decent return to the investment:)) Thanks for the calculation...it gives me additionall strenght to carry on with crypto and blockchain projects...
I wonder what our Steem will be worth in 2027??
Cannot predict correctly...but definitely a lot:))
I'm gonna predict $156.09 [I don't know why?!]