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    60000 in 90 days's Avatar
    60000 in 90 days Posts: 1, Reputation: 1
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    #1

    Jul 7, 2007, 09:28 PM
    Stock Market
    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's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    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's Avatar
    vball43 Posts: 76, Reputation: 4
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    #3

    Jul 8, 2007, 11:29 AM
    I think 1,00 but I don't know for sure
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #4

    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.
    magprob's Avatar
    magprob Posts: 1,877, Reputation: 300
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    #5

    Nov 22, 2010, 01:26 AM
    153 shares with an increase of $5.00 per share, you would make roughly $769.23. I would sell! Now! ebaines is correct. Divide 10,000 by 65 and you get 153.8. shares. X $5.00 = $769.23.
    $60.000 in 90 days? You must be a gopher for Goldman Sachs.
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