Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - The night he caught the devil. The real story.

iluvspots · 08-17-2004, 01:37 PM

I hope Al invested the money he made.

What would $250,000 be worth today?

Assume Al probably would have had to pay about 40% income tax.

So the after-tax amount would be $150,000.

The S&P 500 index was 247 on 12/31/87.

Yesterday, it closed at 1,082.

That's a 338% return.

So that money would be worth about $651,000 or more today it it was invested wisely.

08-17-2004, 01:37 PM	#17
iluvspots GrayBeards iTrader: (0) Join Date: Mar 2004 Location: Turd Bowl Posts: 247	I hope Al invested the money he made. What would $250,000 be worth today? Assume Al probably would have had to pay about 40% income tax. So the after-tax amount would be $150,000. The S&P 500 index was 247 on 12/31/87. Yesterday, it closed at 1,082. That's a 338% return. So that money would be worth about $651,000 or more today it it was invested wisely.