Invest a pack a day of cigarette money into managed funds

Enabling one to fund the smoking of more than 5 packets of cigarettes per day, if one so desired .

Another example of the magic of compounding and the benefit of delayed gratification .

 

Or to satisfy your durry craving - invest that money into Altria, makers of the finest cancer sticks you can buy, which happens to be americas best company for long term share returns at a cool 20+% per year over 50 yrs.
America's most successful stock. (Hint: It's not Apple)
Instead of selling looseys to my mates who smoked at uni to profit off their smoking I should have been buying the company that was selling them their cartons....

 

Seems this article disagrees.

The Commonwealth Bank of Australia is a good example of the benefits of investing in privatisations for the long term. More than 800,000 Australian household own shares in CBA, which has just celebrated its 25th anniversary as a listed company on ASX. CBA listed on ASX on September 12, 1991 through the offer of 30 per cent of its shares to the public at $5.40 a share. The offer raised $1.3 billion and the closing price on CBA’s first day of trade was $6.46. A $2,160 investment in CBA during its initial public offering – 400 shares at the minimum subscription – is now worth $131,371 for those who reinvested their dividends. In its 25 years as a listed company, CBA has delivered a total shareholder return of 9,500 per cent and consistently paid out between 70 and 80 per cent of its profits as dividends

Shares that have rewarded investors many times over

 

Don’t think so.

Lucky buggers $5.4, I used our price of $7.52 was already in the spreadsheet also did not use DRP again our figures.

So, the outcome would have been around $770K not $700K.

You’ve also missed the fact as highlighted of investing the cash that would have been spent on cigarettes over a 24-year period starting at $1340.00pa growing at 9.09% to $10,800.00pa, So almost an extra $120K was invested for the period not just a one off $2,160.00