Quote:
Originally Posted by japhi
Sure the wags has performed well. The SP 500 was under 700 bucks in 2009. Sits around 3500 today. And yes I get that is a cherry picked example but so is the Wagner.
And the problem with this scheme as an investment is you aren’t coming in at market price - there is likely a significant premium attached to the 2.5mm - and the fee’s are most likely outrageous. When the card sells, fees will again be outrageous.
So as a roll the dice, have fun, I think it’s cool. 10k is a nice vacation in Hawaii so I’m not going to knock anyone that likes to play with expendable cash.
But as a traditional investment these things are a joke for the reasons above.
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It is hard for me to take your post seriously when you cherry pick the March low. We don't know when that card sold during 2009 and it came back to end the year over 400 points higher.
I will cherry pick now. In 2004 the SP was was higher than where it ended in 2009. The Wagner went from $109,638 to $1,169,875.
Completely destroying the SP. Bare in mind most people with money don't have all of their money in the SP and what has driven a massive amount of the recent move is 6 stocks. Investor returns have not tracked the SP even remotely.