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Real Life Adventures by Gary Wise and Lance Aldrich for January 19, 2025
January 18, 2025
January 20, 2025
Transcript:
Boy: Dad, "If Jack bought 10,000 shares at $3 and he sold 75% of them to larry for $8 before the value went down to $2, what did Jack end up with?" Man: Larry's undying wrath.
$60000 from the sale of 7500 at $8, minus the original $30000 paid for the stock, so net gain of $30000. Plus 2500 shares worth $5000 left from the sale of 75% of the stock.
not unlike giving lottery tickets as gifts… if it’s a loser, it’s no gift… if it’s a winner, the giver is probly gonna want a slice of the pie!
C about 1 month ago
Quite
rob.home about 1 month ago
Is Jack a registered broker?
Ubintold about 1 month ago
A lot of money.
SheMc about 1 month ago
big profit & an even bigger enemy!!!
MikeM_inMD about 1 month ago
Before or after capital gains tax?
Ken Norris Premium Member about 1 month ago
wildlandwaters about 1 month ago
not unlike giving lottery tickets as gifts… if it’s a loser, it’s no gift… if it’s a winner, the giver is probly gonna want a slice of the pie!
KenDHoward1 about 1 month ago
Hey, it’s also a correct answer to the problem. A+ … ;)