Get as many NINA loans as possible before 2008
That's too long. You'd need to wait 15 years to cash in. Related, the people saying they'd invest in google...google didn't exist in 1993. You'd need to wait 5 years for the company to even be founded, and their
IPO didn't happen until 2004. That's 11 years before you'd be able to buy stock.
We need a better strategy, and one that's applicable in the 90s.
You could buy just about any tech stock in the 90s and sell in
March of 2000 for a massive increase. For example,
Dell in May, 1993 was hovering around 50 cents per share, but in March of 2000 it was in the $55 per share range. $1000 spent in 1993 would becomes $110,000 in 2000. Microsoft went from ~$4/share to $50/share. $1000 becomes $12,500. IBM went from $12/share to $108/share. $1000 becomes $9000.
Not huge numbers, but the strategy has the advantage of being easy to remember: "buy any tech stock you recognize the name of during the 90s, sell on or by March 10, 2000." Get any day job, invest a couple hundred dollars per month up until it's time to sell, and in those 7 years it should be pretty easy to be a millionaire. For example...going with Microsoft since it's a more obvious choice than Dell...starting from May of 1993, if you saved up $200/month and (for simplicity of math) invested it all in Microsoft stock on January of the following year, then sold on March 10, 2000...
Accounting for
stock splits:
94 9mo * 200 = $1800 @ 2.65 = 679 shares, stock split year: 2*679 = 1358 shares
95 12mo * 200 = 2400 @ 3.80 = 631 shares, 1358 + 631 = 1989 shares
96 12mo * 200 = 2400 @ 5.40 = 444 shares, stock split year: 2*(444+1989) = 4866 shares
97 12mo * 200 = 2400 @ 10.55 = 277 shares, 277+4846 = 5143 shares
98 12mo * 200 = 2400 @ 16.25 = 147 shares, stock split year: 2*(147+5143) = 10,580 shares
99 12mo * 200 = 2400 @ 37.50 = 64 shares, stock split year: 2*(64+10580) = 21,288 shares
00 hold
Sell 21,288 shares MSFT @ $50.50 on March 10 for $1,075,044
Hmm. That's less than I expected. It would end up being more since you'd realistically be buying monthly rather than annually, but it's still not enough.
If we had the benefit of couple hours with google before we went back in time we could massively improve this, of course. But the prompt specified that we simply woke up in 1993 without any planning. Without actually doing the math, buy Dell instead of Microsoft and you'd probably be in the 5-8 million range. But I only know that because I looked it up. And again, the prompt specified we didn't get to research in advance. Had I actually done this I'd probably have gone with Microsoft.
We need a better strategy.