1 Stock That Turned $1,000 Into Nearly $2 Million
Investors try to pick winning stocks that can put up strong returns over long periods of time. In the past couple of decades, the tech and internet sectors have been a hotbed for these opportunities.
Just look at Amazon (NASDAQ: AMZN). Since its initial public offering in May 1997, the e-commerce and cloud computing giant has posted a remarkable return of 190,000%. This would have turned a $1,000 cash investment into a whopping $1.9 million today. An equal investment in either the S 500 or the Nasdaq Composite index would've resulted in a much smaller gain.
Let's look back at this "Magnificent Seven" stock's path to becoming one of the most dominant enterprises on the planet, as well as some important factors when contemplating whether Amazon is worthy of your investment dollars today.
Source Fool.com
