Downtime

Mar 22 2011   2:59PM GMT

Timing can make a 650K difference

WAshford Profile: WAshford

Tags:
Bill Gates
Microsoft

The difference between successful and really successful Microsoft shareholders is $650,000 and knowing just when to sell.

If someone bought 100 shares at the offering price of $21 in 1986 and sat on the investment for 25 years, it would be worth $750,000, which is not too shabby.

But, if someone with the same investment played boldness over patience and sold when Microsoft shares reached their peak in December 1991, they would have walked away with a cool $1.4m, according to columnist Paul McNamara.
 
Down at the other end of the scale, of course, is Microsoft co-founder Bill Gates, who is said to have made $1.6 million for shares he sold on the first day of trade. His remaining 45% stake in the company was worth $350m.

Now if that isn’t an incentive to get out there and set up the next Microsoft, Downtime doesn’t know what is. So, what are you waiting for?
 

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