Can be stock, ETFs, property, vehicles, collectables, etc.
I’ll start: 100% gain on my first stock, Apple. Held for about 5 years.
What Is The Longest Time You've Held an Asset for, and How Was The Growth?
TimApple on 22/09/2017 - 22:56
Last edited 23/09/2017 - 09:04 by 1 other user
Last edited 23/09/2017 - 09:04 by 1 other user
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Thats actually a pretty amazing story.
awesome mate ! Kudos to your dad !
ethereum (~5000%) - Held for literally 2 or 3 months.
bitcoin (~2000%) - 3 years? (bought when was ~$250aud after mtgox crash)
My longest "held" assets are various asx100 bluechip dividend shares; have double digit growth each year (price and dividend considered).
Probably my dollarmites account.. growth haha lol I dunno 59 cents?
Haha I had one of those. Used to put my half my birthday money in it. It might have made 59 cents had my ratbag mother not raided it for spending money lol
Lol damn. I think mine got raided too but I didn't worry since they were the adults right and I was just the kid haha lol.
Thats right. Adults who know what they were doing. ha, ha, ha…oh.
lol. At least I'm the adult now and decides where the money goes.
When I was a kid, about 12, my dad opened an account for me with a credit society for me to start saving. As part of the deal you had to be a shareholder of the credit society, and you could buy a share for $2. So he paid the $2 and I got my first bank account. I used this account throughout my teens, then moved to a different bank, withdrew my funds, but left the account open.
Fast forward 20 years, and I received a letter informing me I had unclaimed money. It was from some company that were offering to retrieve it for me for a fee. I figured I could probably retrieve it myself, so I did some googling and found out that I was listed in a database of unclaimed funds, and started the process of claiming it. It took some time to find out how much it was and what it was from, but it turned out that the credit society I was a share holder in had been sold to another bank, which had been sold to Bank of Queensland. As part of those acquisitions my share had somehow turned into around 200 BoQ shares, worth $10-$11 or so each. And they'd been collecting dividends for a few years, which amounted to around $1000. So my $2 share grew to around $3000 worth of value after 20 years. Thanks Dad!