An 11 bagger is a 1000% profit. That’s 140 YEARS of 7% dividends (which are hard to find). That’s 140 YEARS. It’s 100 YEARS of 10% dividends. And you want him to worry about taxes and think how he missed out on dividends? Really???
Saul, you helped me to better understand this, and I’m the one with that gain. I’m actually a bit better than the 1020% gain My Scorecard shows as it doesn’t account for the dividends. I have reinvested those dividends into more shares of Apple for a few years now.
My best investment so far has been Netflix. I bought the first of those shares in 2005. I sold in 2014. That was a 15 bagger. I live in an older house that needed a lot of work.
That sale of Netflix gave me enough to gut out my dingy, old basement. We added a nice bathroom down there where none had been, created a nice laundry room, added drywall, ceiling, tile and nice laminate flooring, new doors and windows. We had had perpetual problems with the sewer lines and they were all replaced.
It made a tremendous difference in our quality of life many times over.
These shares were in a taxable account. Yep, I paid capital gains tax. I didn’t like paying it, but all I have to do is to walk downstairs and I get over it real quick.
My boys are now 19 and 24. Both of them are investors. I think that basement helps them to appreciate how all it takes is a few dollars saved and it can turn into this.
I mentioned to my wife the other day that if I hadn’t of sold my shares in Netflix when I did, they would be worth $X now. She replied, yeah, but we wouldn’t have had this for the past 3 years.
She used to put a coat on previously when doing the laundry as their was no heat down there.
Now, it’s not by any means the prettiest basement in the world, but it’s a huge improvement over what it used to be.
I really need to make two signs down there. One will say something like, “Paid for by Netflix” and the other one, " Thank You, The Motley Fool"!
All positions are listed in my profile