Can Investing $25,000 Into Costco Wholesale Stock Make You a Millionaire in 25 Years?
Costco Wholesale (NASDAQ: COST) is one of the most iconic and recognizable retailers in the world. Its massive warehouses are often packed with customers, and its treasure hunt experience inevitably leaves shoppers spending much more than they planned. That's evident with the company's strong and impressive growth over the years.And with so much room to expand, especially in international markets, it's hard to not like Costco as a long-term investment. But does it have enough upside to potentially turn a $25,000 investment into $1 million over the next 25 years?What's impressive about Costco's business is that it always seems to do well. It generated fantastic numbers during the pandemic and even amid inflation. Whether consumers have been loading up on essentials, discretionary purchases, or trying to save money, there always seems to be plenty of traffic at its stores. The company has been able to consistently grow its top line over the past decade at a fairly high rate -- close to double digits.Continue reading
Costco Wholesale (NASDAQ: COST) is one of the most iconic and recognizable retailers in the world. Its massive warehouses are often packed with customers, and its treasure hunt experience inevitably leaves shoppers spending much more than they planned. That's evident with the company's strong and impressive growth over the years.
And with so much room to expand, especially in international markets, it's hard to not like Costco as a long-term investment. But does it have enough upside to potentially turn a $25,000 investment into $1 million over the next 25 years?
What's impressive about Costco's business is that it always seems to do well. It generated fantastic numbers during the pandemic and even amid inflation. Whether consumers have been loading up on essentials, discretionary purchases, or trying to save money, there always seems to be plenty of traffic at its stores. The company has been able to consistently grow its top line over the past decade at a fairly high rate -- close to double digits.
