According to CNBC in 2002, if you had purchased Apple [AAPL 530.26 -2.90 (-0.54%) ] stock instead of putting the same amount of money into a house, you'd have almost $10 million right now.
That’s based on analysis by TradeMonster.com co-founder Jon Najarian, who took various common assets purchased in our lifetime, like a house, and priced them in Apple terms.
For example, the typical American home cost $228,000 in 2002, according to U.S. census data. With that money, you could have bought 18,704 shares of Apple at their price a decade ago of $12.19 a share. Today, that home is worth $280,000 and that Apple holding is worth $9,969,232.
“This extreme exercise is not to show people how ‘dumb’ they were, but rather to illustrate how people put too much into their home a decade ago and that maybe they should have diversified their wealth over more asset classes,” said Najarian…..
Wait, don’t punch a hole in your drywall. Find out more at http://www.cnbc.com/id/46641431
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