Home Depot Stock Turned $1,000 Into $17.5 Million, and One of Its Founders Just Revealed His Investing Secrets to Achieve Generational Wealth
Home Depot (NYSE: HD) might be seen as one of the most mundane stocks out there today. Unlike more exciting opportunities in technology or healthcare, Home Depot is mostly viewed as a brick-and-mortar retail outlet specializing in home improvement products.
Despite its humble profile, however, investors might be shocked to learn that owning Home Depot stock has helped many attain generational wealth. An investment of just $1,000 at the time of Home Depot's initial public offering (IPO) in 1981 would now be worth $17.5 million.
The trade-off here is that in order to reap these gains, you'd have been required to hold onto Home Depot stock for about four decades.
Source Fool.com