Success Stories of 3 Stocks That Turned a Small Investment into Millions
3 Stocks That Turned $1,000 Into $1 Million (or More)
In retrospect, none of these massive gains should come as any real surprise. Are you thinking big? Like, really big? That is to say, are you looking to turn a tiny amount of money now into a seven-figure stash later? Never say never. Not only is it possible, it happens more often than you might think. The key is time and picking the right stock, of course, and then remaining patient enough to continue holding that ticker through the rough patches.
1. Amazon
Amazon (NASDAQ: AMZN) isn't just a familiar modern-era winner. It's arguably the market's most memorable winner of all time! Shares are up more than 230,000% just since its 1997 IPO. A $1,000 investment in its IPO would be worth around $2.3 million today. That growth has also made Amazon one of the world's biggest companies, as measured by market cap.
- Founder and CEO Jeff Bezos saw an opportunity in the internet's infancy, viewing it as a convenience-providing platform.
- Amazon Web Services generated $90.8 billion worth of business last year, turning $24.6 billion of that revenue into operating profit.
2. Procter & Gamble
Tech-driven growth isn't the only path to riches. Consumer staples can do the job, too. Take Procter & Gamble (NYSE: PG) as an example. It, too, has made plenty of millionaires out of relatively small investors.
- Reaching the seven-figure mark with P&G would have required reinvesting dividends into more shares of the stock.
3. Apple
Technology giant Apple (NASDAQ: AAPL) has also minted many patient millionaires. The stock's present price is nearly 175,000% above its IPO price.
- The bulk of the stock's enormous gain has taken shape since 2007, with the release of the very first iPhone.
- Congratulations to the people who understood what a game-changer the iPhone would end up being.
The market's next enormous winners will likely look similarly odd. Just look at the bigger picture, considering how consumers and corporations will see their solutions 10 and 20 years into the future.
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.