Well...When Walmart went public in 1970 the stock traded at $16.50. Assuming they bought it at that price, then they could have afforded 60 shares of stock. The stock has had 4 - 2:1 splits since 1970, so now you would have 960 shares of stock, which today at the end of trade is closing at 69.14 per share...so you would have roughly $66,374.00 from that original investment! Provided that you never took any of those shares off the table.
1 year ago
Last edited at 1:00PM on 2/15/2013
You would have some smart grandparents then. Well, $1,000 then would be equal to over $5,000 today just by inflation over 40+ years. You would also have to figure their net value at the time which I'm sure was much lower then, first because Wal-Mart hadn't yet grown to the proportion its at today so, $1,000 would have been a much larger % of the company's stock. Say hypothetically, the company increased in volume 10 times. (It probably did even more since then) so would the investment at that locked in %, So $10,000 then to top that off, inflation has increased the value of that old money at least 5X so that $1,000 would be about $50,000 in today's money.
I went to http://finance.google.com and specified Walmart. Google has a chart of the stock value going back to around 1980. Walmart stock was pretty much flat and under $1 before that time then started to climb around 1985. So... let's guesstimate your grandparents bought 1000 shares. Today Walmart stock is a whisker under $70, which is a $69 increase over what your grandparents paid. That would mean a $69,000 profit before taxes.