An Investing Lesson — From Cubs Fans

From Bankrate:

In case you haven’t heard (and that’s actually impressive if you haven’t), the Chicago Cubs have won the World Series.


They captured their first World Series title since 1908 after battling for seven games against the Cleveland Indians, who last won the World Series in 1948.

RATE SEARCH: Need a credit card for the next time you need tickets to a big game? can help.

Last month, when the Cubs clinched their first World Series berth since 1945, I was in Las Vegas, watching the game with friends. Needless to say, there was celebration.

I wonder how my great-grandparents celebrated the Cubs’ last World Series title? And what about the Indians fans in 1948? What if they celebrated smarter than me? What if they took out $100 (yeah, $100 … we’ll say that’s how little I spent) and invested it in the Dow Jones industrial average stocks in honor of a championship?

If a person had celebrated the Indians’ last World Series win by investing $100 ($991 in 2016 money) divided equally among the Dow stocks in October 1948, they would now have $1,287,429, according to this Dow Jones return calculator.

If my great-grandparents had celebrated the Cubs’ previous World Series victory by investing $100 in October 1908 ($2,479 in 2016 money), they would have made $8,729,789 for my family.

Maybe if they had done that, I could have been able to afford a ticket to a World Series game this year. (And, by the way, tickets to the 1908 World Series were just a bit cheaper).

My family is …

Continue Reading