Stock Market

60000 in 90 days · #1 Jul 7, 2007, 09:28 PM

If there is a ten thousand dollar investment and a stock goes from $65 per share to say $70 per share, how much was approximately made?

ebaines · Jul 8, 2007, 11:13 AM

Let's see... You make $5/share in capital gain, and the number of shares you originally bought was 10,000/65, or 153. 85 shares, so you made approximately $769.23. That's before taxes - take 20% or so for capital gains, plus whatever your state income tax rate is, and perhaps you clear $600 or so after taxes.

So, why is the title of this post "60000 in 90 days"? Perhaps you're counting pennies?

vball43 · Jul 8, 2007, 11:29 AM

i think 1,00 but i don't know for sure

CaptainForest · Jul 8, 2007, 01:28 PM

Like I said in the PM, what is the price you bought the shares at?

If it indeed was at 65, then ebaines has correctly answered your question.



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