Is It Too Late to Get in on This Millionaire-Maker Stock?
If you had invested $50,000 in streaming entertainment giant Netflix (NASDAQ: NFLX) a decade ago, you'd be a millionaire right now. This equates to a compound annual return of approximately 35%, trouncing the 11.3% annual return of the S&P 500 during the same time.
It would be foolish to invest in Netflix expecting this impressive historical performance to repeat itself in the future. Competitive and industry dynamics change, and the company's massive $214 billion market capitalization becomes an anchor on future growth.
That being said, I believe Netflix still has the potential to outperform the overall market, albeit by a smaller margin, in the years to come.
Source Fool.com
