When it comes to investing in the stock market, finding the right growth stocks can be akin to striking gold. A small initial investment in the right company can turn into a financial jackpot over the years. However, the journey from thousands to millions often requires the virtue of patience. Let’s delve into the success stories of Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX), and Booking Holdings (NASDAQ: BKNG) — three stocks that have multiplied investors’ wealth exponentially over a span of two decades.
Apple: A Technological Marvel
Since Steve Jobs unveiled the first iPhone in 2007, Apple has been an undeniable force in the tech industry. The iPhone not only revolutionized the way we communicate but also became the cornerstone of Apple’s expansive service ecosystem. While the sales of iPhones and iPads remain vital for the company, its services segment has emerged as a significant revenue driver. Over the past 20 years, Apple has shown exceptional growth, turning a $6,000 investment into a whopping $2.5 million today.
Netflix: From DVDs to Dominance
Netflix has undergone several metamorphoses since its inception. Transitioning from mailing DVDs to pioneering online streaming, Netflix now focuses on creating its own content while maintaining partnerships with major studios. Despite facing competition from other streaming services, Netflix’s ability to profitably create original content has set it apart. A 20-year-old $6,000 investment in Netflix would now yield an impressive $1.8 million, highlighting the stock’s growth potential despite trading at a premium.
Booking Holdings: Traveling to Success
As one of the premier travel technology companies globally, Booking Holdings boasts a portfolio of popular travel booking sites. Despite facing setbacks due to the pandemic, the company has rebounded strongly, driven by the resurgence in travel demand. An investment of $6,000 in Booking Holdings two decades ago would now be valued at around $1.1 million. With an attractive valuation and promising growth prospects, Booking Holdings stands out as a compelling growth stock.
Exploring Investment Opportunities
As these companies have demonstrated, strategic investments in growth stocks can yield substantial returns over time. While each stock has its unique growth trajectory, understanding their historical performance and future prospects is crucial before making investment decisions.