If You Invested $1,000 in Schwab 20 Years Ago, This Is How Much You Would Have Today
If you're reading this, then you've probably already heard the advice. Nevertheless, it bears repeating now: Stocks should be seen as multi-year investments. If your intended holding period is measured in months, weeks, or even days, then your risks outweigh your rewards.
Few stocks make this point any better than shares of brokerage firm Charles Schwab (NYSE: SCHW). Although it's had plenty of ups and downs over the course of the past couple of decades -- and at times underperformed the S 500 -- the stock has soundly rewarded its long-term investors.
On the off-chance you're not familiar, Charles Schwab is one of the country's largest brokerage outfits. It boasts more than $8 trillion worth of assets under management spread across 34.4 million accounts as of June of this year, plus another 2.4 million corporate retirement plan participants. Nearly $1 trillion of those assets are in the form of its own proprietary mutual funds and exchange-traded funds.
Source Fool.com
