ASX Small Cap Lunch Wrap: Would you rather… Nokia’s brick or a million dollars?

It’s been two decades since Nokia released the 6310 and now there’s a new version that’s… slightly updated.

It is far from the only “2000s phone” available but it has one thing that many competitors and newer smartphones don’t have – Snake.

Yes, that thing what you did on your phone before it had Internet and Social Media.

Arguably Nokia’s new phone has the best of both worlds in having a colour display. It also has a camera at the rear and access to news channels and radio stations. It’s available for $66 in Australia.

$66? Sounds like a bargain. But wait, wait… for even less than that – $53 – you could be a MILLIONAIRE.

News.com.au has crunched the numbers and sent this irresistible morsel out and in front of the eyes of struggling Millennials everywhere:

“…you find a way to save $53 each week, then invest into the Australian share market index (what you see on the news at night saying the ‘market’ is up by 1 per cent etc).

You keep at this over time, saving each week and then reinvesting your dividends as they’re received, allowing your investments to bubble away growing through the power of compound interest.

The power of time and money is a beautiful thing.

Based on the long-term return on the Australian share market of 8.8 per cent, your $53 per week would grow to $43,945 in 10 years, $149,552 in 20, $403,343 in 30, and ultimately $1,013,246 in 40 years, making you a millionaire. All for less than the cost of a couple of almond milk lattes each day.”

Sorry Nokia. We’ll pass on the brick, thanks. But using the above strategy, will instead buy your company in 2061.

To those easy-money, millionaire-making markets, where the ASX 200 continued its mixed performance this week, gaining 0.80% this morning. Tech led the bourse, gaining 3.61% while energy shed 1.24%.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 14 [intraday]:

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Gibb River Diamond (ASX:GIB) and Strickland Metals (ASX:STK) both rose after a zinc-lead discovery at their project in the Earaheedy Basin.

One of the most recent gold listees Peregrine Gold (ASX:PGD) told shareholders it had identified a solid gold-silver drilling target.

Uranium play GTI Resources (ASX:GTI) informed shareholders of its next exploration steps, to be taken next month.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for October 14 [intraday]:

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Redbubble (ASX:RBL) dropped after its quarterly trading update.