What a difference a decade can make
Let’s say you bought $1,000 worth of shares in seven of America’s best-known companies on August 1st, 2008. This is right before the historic crash of 2008 that led to the great recession. If you’d been brave enough to hold your investments through the crash, the recession, and the eventual recovery, here’s where you would’ve ended up today, 10 years later:
To recap, you invested $7,000 initially in 2008. Ten years later, in 2018, you’d have a total of $135,210.
If you had invested in Netflix around the time company launched its streaming service in the US, you would have brought in 82X your initial investment.
Meanwhile, Amazon shares jumped over 23X in value, and even the most basic blue chip stocks like FedEx or McDonald’s at least 2X in value.
No Comments