NFLX - 1 Magnificent Stock That Turned $10000 Into $1.5 Million in 20 Years
2024-07-01 04:49:00 ET
Individual investors all probably want to find and own businesses that can produce outstanding returns over the long haul. The financial gains can be life-changing.
That's exactly what Netflix (NASDAQ: NFLX) has done for its longtime shareholders. The top streaming stock has generated a monster return of 14,860% in the past 20 years, turning a $10,000 investment into a cool $1.5 million (as of June 27).
Let's take a look at Netflix's magnificent ascent. Then, we'll examine factors that could help determine whether the stock is a smart buy today.
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1 Magnificent Stock That Turned $10,000 Into $1.5 Million in 20 Years