If You Invested $10,000 in Chipotle's IPO, This Is How Much You'd Have Now
One of the greatest restaurant stocks ever is Chipotle Mexican Grill (NYSE: CMG). It only went public in 2006, which is relatively recent. But it's still enough time to have earned you a small fortune with a $10,000 investment, as we'll see.
For most of us, $10,000 isn't pocket change. According the Transamerica Center for Retirement Studies, members of Generation X have saved an average of $64,000 for retirement. Baby boomers have more with $144,000. Therefore, a $10,000 investment for these generations would represent 16% and 7%, respectively, of their overall retirement savings on average.
This level of investment should be reserved for only your highest-conviction choices. Was there enough information about Chipotle in 2006 to give investors that level of confidence? Yes, I believe there was.
Source Fool.com
