The market has been an incredible wealth-building machine over the past few decades, and the S&P 500 has delivered an annualized gain of 10.7% over the past 20 years. If you’ve been investing consistently in a carefully curated stock portfolio over a long period of time, you’ve likely benefited from these gains, and if you start now, you should reap the rewards over the next few decades.
Often, there’s one stock in a full portfolio that does most of the heavy lifting. Amazon (NASDAQ: AMZN) has been that stock for many investors, gaining more than 13,000% over the past 20 years alone. If you’d invested $10,000 in Amazon stock at that time, you’d have more than $1 million today. Can Amazon stock still set you up for life?
Image source: Amazon.