Question about stocks?
I am trying to still grasp on how the stock market works?
Can someone tell me how investing 10k resulted in the 480 k profit?
I thought it was the 23.05 in 2018 multiplied by 10000
- BLv 71 month ago
2008 spent $10,000, got 20,408 shares of NHTC at $0.49/share.
2018 the share price is now $23.05. you still have the 20,408 shares, you get $470,408.
your profit is $460408 (you will have to pay tax on it!)
- BryceLv 71 month ago
A chart shows that stock selling for $49/sh in 2015 and $6.89/sh today--a 86% loss. Never buy penny stocks.
- JudyLv 71 month ago
What are you talking about?
- DEBSLv 71 month ago
Note: It's 10,000 DOLLARS; not 10,000 SHARES of initial investment. That $10,000 bought you 20,408 shares. So....
$10,000 at $0.49 a share = 20,408 shares
20,408 shares sold for 23.05 = $470,408.
Subtract your initial investment of $10,000 and you come up with $460,408 profit (less fees and taxes of course.)