Around the time the war with Iraq broke out, I had a really strange investment idea. What if I invested in UDI and QSII, in honor of Saddam’s two sons, Udai and Qusai? Of course, I didn’t really do it. But today, just over two years later, I decided to check and see how I would have done.<\/p>\n
On the day the war started, which I think was March 19, 2003 (I may be off by a day or two), UDI was trading at $22.11. Today it’s at $73.89, better than a triple in two years. QSII traded at $24 at the start of the war, and is now at $49.65 – but, the stock split 2-for-1 during that period, so each $24 share has turned into TWO shares at $49.65 each. That’s a quadruple in two years.<\/p>\n
$10,000 invested in Sons of Saddam on 3\/19\/03 would have turned into $37,397.13, a 274% return in just over two years. To compare, $10,000 invested in an S&P 500 index fund on the same date would have turned into only $13,612.04, a return of 36%. Too bad there isn’t a stock with ticker symbol W – that would make for an interesting comparison to Sons of Saddam.<\/p>\n","protected":false},"excerpt":{"rendered":"
Around the time the war with Iraq broke out, I had a really strange investment idea. What if I invested in UDI and QSII, in honor of Saddam’s two sons, Udai and Qusai? Of course, I didn’t really do it. But today, just over two years later, I decided to check and see how I … Continue reading “Sons of Saddam portfolio clobbers U.S. stock market returns”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/posts\/93"}],"collection":[{"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/comments?post=93"}],"version-history":[{"count":0,"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/posts\/93\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/media?parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/categories?post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.paulryburn.com\/blog\/wp-json\/wp\/v2\/tags?post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}