Which Is the Better Stock to Buy and Hold Forever: Amazon or Costco?
You couldn't have gone wrong buying shares of Amazon (NASDAQ: AMZN) or Costco Wholesale (NASDAQ: COST) in the two companies' early days. A $10,000 investment in Costco when the giant wholesaler went public in 1985 would be worth almost $11.9 million today. If you had bought $10,000 of Amazon's shares after its IPO in 1997 and held them, you'd now have nearly $23.4 million. Both Amazon and Costco have delivered exceptional gains over the last 12 months, too. But which is the better stock to buy and hold forever?The primary reason behind the tremendous stock performances of Amazon and Costco is that both companies have great underlying businesses. However, they're very different from each other.Continue reading
You couldn't have gone wrong buying shares of Amazon (NASDAQ: AMZN) or Costco Wholesale (NASDAQ: COST) in the two companies' early days. A $10,000 investment in Costco when the giant wholesaler went public in 1985 would be worth almost $11.9 million today. If you had bought $10,000 of Amazon's shares after its IPO in 1997 and held them, you'd now have nearly $23.4 million.
Both Amazon and Costco have delivered exceptional gains over the last 12 months, too. But which is the better stock to buy and hold forever?
The primary reason behind the tremendous stock performances of Amazon and Costco is that both companies have great underlying businesses. However, they're very different from each other.
