What Amazon's insane 49,000 percent gain can teach you about investing
On top of free two-day package delivery, Amazon has been delivering for shareholders. The company recently marked 20 years as a publicly traded company and made headlines for its astounding 49,000% return since its 1997 initial public offering. Starting at $1.96 per share (adjusted for stock splits), the stock recently crossed $1,000. This 41% annual growth rate would have compounded a modest $1,000 investment into nearly a half-million dollars over two decades.
Amazon’s returns are phenomenal, and the situation offers some key lessons on how you might profit on the next big stock. Read more...