If You Invested $10,000 in Netflix's IPO, This Is How Much Money You'd Have Now
Many movies revolve around the topic of time travel. Wouldn't it be wonderful if we could just hop into a time machine and travel back in time with the investment knowledge that we have now? This is especially so if we had known which companies would do spectacularly well over a long period, helping to compound our wealth many times over.
One such company is Netflix (NASDAQ: NFLX). The on-demand streaming entertainment company went public on May 23, 2002, and has gone on to become one of the most dominant players in the industry, with a vast library of movies and TV series along with 200 million global subscribers.
How much do you think you'd have if you had invested $10,000 when Netflix went public and just held its shares tightly over the last 19 years? Hint: It's probably much, much more than what you'd expect.
Source Fool.com