Believe it or not

raosrinivas · #1 8th August 2007, 02:47 PM

If someone were to have Rs 100, 42 years back and were to grow at 100% a year , the portfolio would have been Rs 439,804,651,110,400 .

, just think how many microsoft's you can buy with that

uasish · #2 8th August 2007, 02:55 PM

Then what will happen with 600% consistently ? i have only a 10 Digit calculator.

ratan jain · #3 8th August 2007, 03:02 PM

I have a 12 digit one...still doesnt fit

12 years at 600 % at just 100 rs....

amitt29 · #4 8th August 2007, 03:09 PM

I have a 12".

kkseal · #5 8th August 2007, 06:08 PM

Quote:

Originally Posted by raosrinivas

If someone were to have Rs 100, 42 years back and were to grow at 100% a year , the portfolio would have been Rs 439,804,651,110,400 .

, just think how many microsoft's you can buy with that

Who wants Microsoft I'd rather buy a solar, a nanotech & a biotech comp

Regards,
Kalyan.

Parv · #6 8th August 2007, 07:51 PM

Hi
I'm believing to dream (100% return every year) with my 1 lakh capital for the next 25 years from now.

Positive Parv

pshirurkar · #7 8th August 2007, 10:00 PM

great mr raosrinivas ,.

it is beyond my imagination.

johnbest · #8 8th August 2007, 10:41 PM

Quote:

Originally Posted by raosrinivas

If someone were to have Rs 100, 42 years back and were to grow at 100% a year , the portfolio would have been Rs 439,804,651,110,400 .

, just think how many microsoft's you can buy with that

dear friends

Gr8.....
Such a foresightedness was not with our parents....well
less than 1% Indian has it (I think, I had quoted much more

)
but what our parent where unable to do....we can do it.....

I am ready... rather started it quite earlier......

have a nice day
JB

AmoghG · #9 9th August 2007, 06:45 PM

^ True, but you can't blame them. The circumstances were different then. Closed economy, Hindu rate of growth, blah blah.

uasish · #10 9th August 2007, 06:52 PM

Read some where in Net:= How simple interest can effect whenever time horizon increases.

Note: In the case of a monotonically increasing series, such as the balance of a US dollar bank account with daily compounding interest, every price is above all its predecessors. You can make a claim, then, that no matter how you measure it, the trend is always up.

However, in a larger scope, in a world in which the US dollar fluctuates in value relative to other currencies, and in which banks sometimes fail, a bank account may not actually continue to be a long-term monotonic up-trend investment.

Say we compound one penny at a three percent per year interest rate from year Zero-AD to the present. We get about $5.48 * 10^23, or around a half trillion trillion dollars. Clearly someone in those early days has a penny earning interest, per stories of money lenders in temples. That no such investment survives today indicates severe financial setbacks, from time to time, in which people and whole societies experience collapse and have to start over. Compounding interest seems to work pretty well for a few hundred years at a time.