Buying Starbucks Stock Instead of Starbucks Coffee: A Lesson in Compounding
If instead of purchasing a $4 coffee from Starbucks every trading day (~250 per year) you had purchased $4 worth of starbucks stock each day starting in 1992, how much money would you have today?
Steve Calk, a finance lecturer at Cornell (and major caffeine addict), once asked this question in a lecture. I thought I’d do the calculation today.
The Answer: About $326,000
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