1 Millionaire-Maker Technology Stock

A few tech stocks have made plenty of millionaires. If you invested just $1,000 in Apple (NASDAQ: AAPL) stock 40 years ago, you'd have a total return of $2.7 million today. Placing the same $1,000 on the (NASDAQ: MSFT) IPO two years later would have yielded a $7.1 million return. Those are life-changing returns.

These millionaire-maker stocks have a few things in common. Apple and Microsoft revolutionized how people use computers and mobile devices. They have changed with the times, often leading the charge into whatever new era comes next. And yes, they have stayed in business for more than four decades.

But Microsoft and Apple probably won't make many new millionaires from this point. They are already two of the most valuable companies on the planet and it's tough to deliver skyrocketing growth from a lofty starting point.

Continue reading


Source Fool.com