What Amazon's insane 49,000 percent gain can teach you about investing
On top of free two-day package delivery, Amazon has been delivering for shareholders. The company recently marked 20 years as a publicly traded company and made headlines for its astounding 49,000% return since its 1997 initial public offering. Starting at $1.96 per share (adjusted for stock splits), the stock recently crossed $1,000. This 41% annual growth rate would have compounded a modest $1,000 investment into nearly a half-million dollars over two decades.
Amazon’s returns are phenomenal, and the situation offers some key lessons on how you might profit on the next big stock. Read more…
1. Amazon’s success is rare — and not obviousMore