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.
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