Saturday 25 February 2012

Best and worst

I came across this interesting financial tidbit in the most recent edition of the Economist.
In early 2002 Apple shares were trading at $12.50 each. On February 13th, they rose above $500. So, if back then you had bought $100 worth of Apple shares, your investment would be worth almost $4,000 today.
God bless liberal, free market capitalism.
Or then again, perhaps not.
If you had bought $100 worth of shares in Allied Irish Banks back in 2002, your investment would now be worth ... $1.33.
Be with AIB indeed.
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