JasonDJ@lemmy.zip to

Today I Learned@lemmy.worldEnglish · 7 months ago

TIL if The Bare Naked Ladies had $1m when the song was recorded, and parked it in S&P500, they'd be rich.

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TIL if The Bare Naked Ladies had $1m when the song was recorded, and parked it in S&P500, they'd be rich.

JasonDJ@lemmy.zip to

Today I Learned@lemmy.worldEnglish · 7 months ago

While $1m USD in 1988 is worth only $2.6m in 2024, if they just put it in the S&P 500 back then and left it there, it’d be worth over $44.6m today.

I don’t know if the Dijon ketchup is really worth it.

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Varyk@sh.itjust.works
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7 months ago
The song one week that was released in 1998, not '88?
- JasonDJ@lemmy.zipOP
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  7 months ago
  This post, for me, was really three TILs in one.
  
  If I had $1000000 came out in 1988. I didn’t know their hits went back that far.
  
  The inflation value of $1m USD from then to now.
  
  The S&P gains over the same period.
  - Varyk@sh.itjust.works
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    7 months ago
    Oh! Sorry, since the name of the song wasn’t explicitly said I didn’t know what you were talking about just assumed it was about their most popular hit.
    
    I had no idea " if I had a million dollars" was from 88 either that’s crazy.

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