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Old 08-17-2004, 01:37 PM   #17
iluvspots
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Join Date: Mar 2004
Location: Turd Bowl
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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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