If You Invested $1,000 in Amazon in 2003, This Is How Much You Would Have Today
Since the start of the new millennium, many major events have derailed markets and the economy. Investors can point to the dot-com bubble, the housing meltdown and Great Recession, the coronavirus pandemic, and decades-high inflation. But in the past 20 years, the Nasdaq Composite Index has risen 703%.
Some businesses fared much better. One of the best performing stocks has been none other than Amazon (NASDAQ: AMZN). A $1,000 investment in this FAANG stock 20 years ago in July 2003 would be worth an astonishing $69,430 today, good for a monster return of 6,840%. You'd struggle to find a better performer during that period.
But past results don't guarantee future returns. So, is Amazon a good stock to buy right now? Let's look at where this business has been and where it might be going.
Source Fool.com
