Overheard a Gen Z guy:
“No seriously I just put $10k in Wealthfront and it’s paying 4.2%. That means I get $420 back a month which covers my car payment”
$NFLX on 10/31/21 = $69.03/share
$NFLX today = $68.68/share
Subscription price has gone from $13 to $20 and the content has only gotten worse
I can see this going back to the 2022 lows
I ran the numbers on if this was done by the top 50 companies in the US starting 18 years ago
1 share from each of the top 50 companies starting on 1/1/09
Up front was $2300/kid
Today that’s worth $40,000/kid
*Excluding Berkshire Hathaway*