1 Stock That Turned $1,000 Into $32 Million
Over the very long term, the S&P 500 (SNPINDEX: ^GSPC) has produced an annualized return of about 10%, a figure that includes dividends. That's a respectable gain, but some companies have performed significantly better.Since this company's initial public offering in September 1981, it has generated a monster total return of 3,157,000% (as of May 22), crushing the broader benchmark. This means that had you invested $1,000 over four decades ago, you'd be sitting on an unbelievable balance of nearly $32 million today. This is a truly astonishing outcome.Continue reading to learn more about this business and its rise, as well as what investors should do with the stock right now.Continue reading
Over the very long term, the S&P 500 (SNPINDEX: ^GSPC) has produced an annualized return of about 10%, a figure that includes dividends. That's a respectable gain, but some companies have performed significantly better.
Since this company's initial public offering in September 1981, it has generated a monster total return of 3,157,000% (as of May 22), crushing the broader benchmark. This means that had you invested $1,000 over four decades ago, you'd be sitting on an unbelievable balance of nearly $32 million today. This is a truly astonishing outcome.
Continue reading to learn more about this business and its rise, as well as what investors should do with the stock right now.
