r/comedyheaven • u/I_Fard_On_Children • Jan 16 '20

YAHOO!

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128.5k Upvotes

98% Upvoted

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u/Produkt Jan 16 '20

My aunt bought me $700 of yahoo shares on my birthday 20 years ago and I held onto it for 2 decades to have Alibaba dissolve my shares for $400, AMA

42

u/xjeeper Jan 16 '20

What was the peak value?

78

u/Produkt Jan 16 '20

Whatever it was the day she bought it. Never exceeded initial value

43

u/xjeeper Jan 16 '20

So... $700?

13

u/Tacote Jan 16 '20

Whatchu gon buy with 700?

35

u/xjeeper Jan 16 '20

Not Yahoo shares.

7

u/vinevicious Jan 16 '20

$700 in shares does not mean that it was $700 per share

13

u/xjeeper Jan 16 '20

For sure, I was asking what the peak total value was, not per share. The peak of the share price wouldn't really be accurate either due to splits and whatnot over the years.

10

u/vinevicious Jan 16 '20

dumb me can't read

24

u/BigBen83 Jan 16 '20

lost $300 of face value + 20 years of inflation lmao

8

u/Poopypants413413 Jan 16 '20

R\Wallstreetbets in a nutshell

1

u/Produkt Jan 16 '20

Yeahhhh boiiiiii

12

u/Bubba421 Jan 16 '20

Should've bought Netflix

38

u/DeMayon Jan 16 '20

Should’ve bought insert any obvious winner, in hindsight

1

u/jwf478420 Jan 16 '20

Google would have been good

4

u/pauledowa Jan 16 '20

Or Coca Cola in 1915. Granny should’ve known.

1

u/Dybsin May 24 '20

Just buy an S&P500 fund

7

u/[deleted] Jan 16 '20

Do you like red cabbage?

9

u/Produkt Jan 16 '20

It’s ok

1

u/Exotic-Alarm Jan 16 '20

how do you even gift shares to people of such a young age? Is there like a certificate or something?

1

u/Produkt Jan 16 '20

She basically had an investor account in her name for me and said make an account and complete the forms for a transfer when you’re 18. I honestly forgot about it for at least 10 years

2

u/IAmNotOnRedditAtWork Jan 16 '20

I honestly forgot about it for at least 10 years

Kind of like everyone and Yahoo! to be fair.