Quote:
Originally Posted by sportscardpete
I was able to gather some data from a local Bloomberg machine.. Here is what I come up with:
Returns from day of Wagner purchase to 5/31/2011
We shouldn't have to debate compounding vs. simple interest, unless we calculate dividends as well (which I will not do)! Way too much time. Anyway:
Honus Wagner Return: 2580%
Disney: 4493%
Microsoft: 29015% (in much less time)
Apple: 8629%
S&P 500: 1194%
Coca Cola: 2577%
So to sum it up, the Honus Wagner beat the S&P. Pretty impressive. I can go into detail if anyone wants me to.
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Love the number crunching!
But as an investment, the Wagner card would be tough to keep once the market for the card and the hobby took off the way it did in the 1980's-early 1990's.