1 Stock That Turned $1,000 Into $16 Million
The stock market is a fantastic tool to build long-term, life-changing wealth. And not interrupting the magic of compounding is one of the keys to becoming a successful investor. That's why even small sums of money can turn into astronomical amounts given enough time.
One stock in particular, Home Depot (NYSE: HD), really stands out. A $1,000 investment at the company's initial public offering in 1981 would be worth a remarkable $16 million today. You're probably wondering how a return like this is even possible from a brick-and-mortar retail business.
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Source Fool.com