Imagine investing $1,000 in a stock that seems to have a lot of promise. You watch the stock move higher, then lower, then higher again. However, you remain steadfast throughout the volatility and hang on for the ride. Twenty-eight years go by. You look at your brokerage account to find that your initial $1,000 investment is now worth nearly $2.25 million.
This isn’t a pie-in-the-sky scenario. Anyone who bought $1,000 worth of Amazon‘s (NASDAQ: AMZN) shares at its initial public offering on May 15, 1997, and never sold would indeed be a multimillionaire today. This stock has increased by a staggering 225,000% — and it’s still a screaming buy.
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