Originally published at: Three sisters inherit a dime — and they sell it for over $500,000 - Boing Boing
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About 7.5% interest compounded monthly.
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I’m not trying to be a killjoy, but these kind of alternate investments rarely return enough to make the risk worthwhile. 1978-2024 is a long frikkin’ time, and that money invested in an S&P500 index fund would be just shy of $3.4 million today. The risk of the dime being lost, stolen, or turning out to not be quite the right one to have increased in value so much seems way too high to return so much less than a conservative stock index.
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“Can we be real for a minute? Dimes aren’t worth much anymore.” -BoingBoing, 10/28/2024, a couple posts up from here.
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My 10 year old keeps suggesting I invest in some Pokemon cards…
Personally, I feel like that is only a couple of steps up from Bitcoin as a financial investment.
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