If You Buy Amazon With $10,000 in 2025, Will You Become a Millionaire in 10 Years?
Investors allocate a portion of their hard-earned savings into the stock market in the hopes of achieving adequate returns over the long term. Sometimes, they get lucky and find a monster winner that significantly improves their financial well-being.Amazon (NASDAQ: AMZN) falls into this category. Since its initial public offering in May 1997, the company's shares have rocketed 176,200% higher (as of April 17). A measly $570 investment 28 years ago would be worth a jaw-dropping $1 million today.Will the future be just as bright? Will a $10,000 investment in this e-commerce giant, which trades 29% off its peak, make you a millionaire by 2035? Here are the most important things investors should consider.Continue reading
Investors allocate a portion of their hard-earned savings into the stock market in the hopes of achieving adequate returns over the long term. Sometimes, they get lucky and find a monster winner that significantly improves their financial well-being.
Amazon (NASDAQ: AMZN) falls into this category. Since its initial public offering in May 1997, the company's shares have rocketed 176,200% higher (as of April 17). A measly $570 investment 28 years ago would be worth a jaw-dropping $1 million today.
Will the future be just as bright? Will a $10,000 investment in this e-commerce giant, which trades 29% off its peak, make you a millionaire by 2035? Here are the most important things investors should consider.