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No, THIS is how much $10K worth of dot-com bubble stock is worth today

Dinu das

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Final week, Exhausting Fork printed an article: Right here’s what $10,000 invested on the peak of the dot-com bubble could be price at the moment. The concept was to construct what would’ve been a typical inventory portfolio within the lead as much as Y2K and calculate its price at the moment, 20 years later.

Sadly, we forgot to account for “inventory splits.” Firms break up their inventory on a regular basis, multiplying (and generally dividing) shares in circulation in a bid to spice up “liquidity” (a elaborate finance time period that refers to how straightforward it’s to promote an asset).

For instance, Intel break up its inventory just a few months after the dot-com bubble burst twenty years in the past. With out having to do something in any respect, somebody holding 5 Intel shares would’ve gone to sleep on July 31, 2000, and woken in August with 10.