I'm working on the finer points of my trading plan and I need some help with my logic. Please check my logic/calc on the below....
I purchased a stock for $50.35 and sold it 76 calendar days later for $55.98 - an increase of 11.18%.
If I'm trying to compare that to quoted interest rates of other investments, does that then translate into:
1) .15% daily (11.18 divided by 76) and thus
2) 53.69% annually (.15 times 365)
3) this investment was roughly 10 times better than what I would have received in interest on a bank account or CD.
Thanks so much for your help. I hope my question makes sense.
2007-02-27
04:27:15
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4 answers
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asked by
willtradeformoney
2
in
Business & Finance
➔ Investing