Could Netflix Stock Help You Retire a Millionaire?
There are few businesses that have taken care of investors the way Netflix (NASDAQ: NFLX) has. Since the company's initial public offering in 2002, shares have skyrocketed, rising 80,080% (as of March 19). This means that if you invested a small sum of just $1,250 back then, you would be sitting on a seven-figure balance today from this single investment. That's an unbelievable outcome.Netflix's market cap today exceeds $400 billion. But the business is surely still on the radar for many investors looking to put some money to work over the long haul.If you buy this top streaming stock today, can it help you retire as a millionaire? I believe it's important to learn what makes this company special before deciding if it should be in your portfolio.Continue reading
There are few businesses that have taken care of investors the way Netflix (NASDAQ: NFLX) has. Since the company's initial public offering in 2002, shares have skyrocketed, rising 80,080% (as of March 19). This means that if you invested a small sum of just $1,250 back then, you would be sitting on a seven-figure balance today from this single investment. That's an unbelievable outcome.
Netflix's market cap today exceeds $400 billion. But the business is surely still on the radar for many investors looking to put some money to work over the long haul.
If you buy this top streaming stock today, can it help you retire as a millionaire? I believe it's important to learn what makes this company special before deciding if it should be in your portfolio.
