It’s Monday so let’s catch up on news that can affect your wallet. Investing in stocks can be fun and rewarding. I read an article by John Csiszar on GoBankingRates.com where they looked at how much a $1,000 investment made 10 years ago (in 2007) in some big name stocks would be worth today.
Here are 5 examples:
- A $1,000 invested in Apple 10 years ago would be worth Apple: $8,819 not too shabby. That represents a 24% return
- A $1,000 invested in Google 10 years ago would be worth Alphabet: $2,941. That’s also not too shabby and represents a 11% return
- A $1,000 invested in Walt Disney 10 years ago would be worth Walt Disney: $3,273. That’s also not too shabby and represents a 13% return
- A $1,000 invested in GE 10 years ago would be worth General Electric: $858. You would have lost money with a negative 2% return
- But if you really wanted to make some money a good bet would have been Netflix. A $1,000 invested in Netflix 10 years ago would be worth Netflix: $69,835 which represents a 53% return on your money.
My point is if you are not investing, you could be losing out on making your money work for you. I’m not a big advocate of investing in individual stocks until you have some other solid investments working for you like ETFs and Index mutual funds. But there is absolutely nothing wrong with taking a $1,000 and putting it in a stock that you understand, perhaps something you support like Disney or Nike. The key is to be in it for the long haul so you can see real results.
And that’s it for today. Got a question? Send it to me at firstname.lastname@example.org and follow me on Twitter @PatStallworth.
Thanks so much for listening and as always remember that minding your money really is the path to a richer life!