alt Hacker NewsI wanted a 3DFX card so bad when I was 10yo.
And then I wanted a GeForce so bad. But I only got £10 a week from my paper round.
If I’d invested just one week of my paper round in Nvidia shares though, it would be worth over £10 million today.
Replies
supermatt • today at 1:57 PM
More like 2 years of your £10 a week paper round for that £10m return.
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When I was a kid I told my parents I wanted to invest some of my money in NVDA after we had a school assignment to study a company. They laughed and gave me a speech about stock picking. What they said was actually good advice, but looking back it would have been a home run.
At the time stock trades were still expensive. I remember one of the obstacles was thinking that of the small amount of birthday money I had saved up, $20 was going to go into the purchase and another $20 would have to come out of the sale. Then they explained taxes to me.
None of it would have mattered if I had been able to buy and hold, but at the time I remember being sad that even doubling my money would result in $40 of fees plus taxes, eating most of the gains.