HD - 4 Stocks That Turned $1000 Into $1 Million (or More)
2024-06-28 10:11:00 ET
If you're like most investors, you're angling to find that stock that will turn $1,000 into a cool million. It's not an easy feat, but it has been done before, and it's likely to happen again. And some of the stocks that have accomplished this feat may surprise you.
If you had invested $1,000 in Home Depot 's (NYSE: HD) initial public offering in 1981, set your dividends to reinvest, and not touched that investment since then, you'd have a position worth more than $28 million today.
Home Depot is the largest home improvement retail chain in the world with $152 billion in trailing-12-month sales. It has achieved its success through store expansion, giving customers an enormous selection, and developing a world-class omnichannel strategy before that became a necessary part of every retail business.
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4 Stocks That Turned $1,000 Into $1 Million (or More)