1 Stock That Increased 10,000% in 33 Years to Buy and Hold Forever
Investing in equity markets is a reliable, wealth-growing strategy. In the past 33 years, the S 500's average annual return is about 10.6%. It's hard to find a return much better than that elsewhere.
Some individual stocks have performed even better, though. Take Vertex Pharmaceuticals (NASDAQ: VRTX), a leading biotech company whose average annual return since its 1991 initial public offering (IPO) is 15.1%. The drugmaker has grown by 10,310%.
It is an impressive performance, but Vertex still has plenty of growth ahead of it, and the stock looks like a solid buy-and-hold-forever pick. Here is why.
Source Fool.com
Vertex Pharmaceuticals Inc. Aktie
453,20 €
-3,26 %
Hohe Buy- und niedrige Sell-Zahlen bei Vertex Pharmaceuticals Inc. zeigen ein stark positives Sentiment.
Ein unerwartetes negatives Potenzial von -0.71% für Vertex Pharmaceuticals Inc., trotz eines niedrigeren Kursziels von 450 € als der aktuelle Kurs von 453.2 €.
