If You Invested $5,000 in Blackstone in 2012, This Is How Much You Would Have Today
Time is a beautiful thing when it comes to investing. Thanks to the power of compounding returns, a small investment in a high-quality company can grow into heaps of cash over time. Take alternative asset-management company Blackstone (NYSE: BX). The stock has provided a total annualized return double that of the S&P 500 over the past 10 years.
That means a $5,000 investment in Blackstone in 2012 would have grown into roughly $43,500 without reinvesting dividends. That's around $27,000 more than a $5,000 investment in the S&P 500 would have provided during that same period. Not to mention the stock has paid an average dividend yield of 5.7% during that time, nearly four times higher than the S&P 500.
Blackstone is having a tough year, though. The stock is trading near its 52-week low. That's leaving many opportunistic investors wondering whether the company will have the same massive money-making potential during the next 10 years. Let's take a look closer.
Source Fool.com
