It’s not often that individual stocks can deliver life-changing wealth, but Bespoke Investment Group has identified several that will make you want to travel back in time.
In a statement on Tuesday, Bespoke estimated the investment at $1,000 Nvidia The stock 20 years ago would be worth about $944,000 now, meaning you’d be on the verge of becoming a millionaire.
That might not be enough to quit your job and retire right away, but it would definitely get you more money up front. A $10,000 investment in Nvidia would be worth $9.44 million today, while $100,000 would be worth $94.4 million, according to Bespoke.
Of course, that would require a high level of faith to sustain Nvidia through a series of white-knuckle market downturns, such as the Great Financial Crisis, the COVID-19 pandemic, and the Federal Reserve’s most aggressive rate hike campaign in more than 40 years. .
Bespoke also noted that Nvidia is the best performer in terms of total profitability over the past two decades. S&P 1500Comprising the S&P 500, S&P MidCap 400 and S&P SmallCap 600.
You can thank the AI boom for pushing Nvidia from a chip company best known for its graphics processors used in video games to an essential supplier of the technology that powers creative AI. A sign of the times, stock It replaced Intel in the Dow Jones Industrial Average last month
Meanwhile, Nvidia founder and CEO Jensen Huang has also done well for himself. He is number 11 on the Bloomberg Billionaire Index with a net worth of $118 billion.
It is another company that has also experienced a transformation and has made great profits NetflixIt went from renting DVDs by mail to the streaming and original content powerhouse that has revolutionized Hollywood.
Bespoke estimated that a $1,000 investment in Netflix stock 20 years ago would be worth more than $550,000 today.
Nvidia and Netflix are among eight stocks that have turned $1,000 to more than $100,000 in the past 20 years. Among others, Texas Pacific Land, the apple, Reserve Holdings, Monster Drink, Intuitive surgeryand Amazonsaid Bespoke.
NFL legend Rob Gronkowski also showed us the power of picking the right stocks at the right time. He said luck that He bought $69,000 worth of Apple stock Based on his contractor’s advice 10 years ago, that investment is now worth $600,000.
“I’ll tell you, he built my house, and he gave me all the money back telling me to invest in Apple,” he said.
