1 Magnificent Stock That Turned $10,000 Into $173,000
I think investors can learn a lot by studying some of the historically best-performing stocks. This way, insights can be gained as to what specific traits can contribute to stellar returns. The valuable information obtained can then be used to find the next winning long-term investment.
In the 20-year period that ended Sept. 8, Costco Wholesale (NASDAQ: COST) shares skyrocketed 1,630%, which means that a $10,000 investment would have turned into $173,000. For comparison's sake, the S 500 and the Nasdaq Composite rose 332% and 629%, respectively, during the same period.
Let's dive into what makes Costco a special business, and whether it's a smart idea to buy the top retail stock right now.
Source Fool.com
