AAPL, AXP, BAC: The Wealth Generated by Investing in Warren Buffett's Top Picks
AAPL: A Powerhouse Investment
The technology giant Apple is a significant part of Warren Buffett's portfolio, making up 30% of his holdings. When Buffett first bought AAPL in Q1 2016 at around $24, the price skyrocketed to $229.69, yielding an extraordinary return on investment.
Bank of America: Steady Growth
Buffett's investment in Bank of America (BAC) started in Q3 2011 at about $7 per share. Today, BAC is valued at $42.47, illustrating a remarkable increase in value over time.
American Express: A Historic Bet
Warren Buffett's position in American Express (AXP) dates back to the salad oil scandal of 1963. The share price has risen dramatically from approximately $0.90 post-splits to $270.67 today, showcasing a substantial gain for long-term investors.
Final Wealth Calculations
If you had invested $1,000 each in AAPL, BAC, and AXP, your total investment of $3,000 would have yielded an incredible total return of 10,446%, resulting in approximately $316,381 today.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.