1 Magnificent Stock That Turned $10,000 Into $480,000
The main goal of being an active stock picker is to find investments that can beat the market over the long term. Otherwise, owning an index fund might be the best course of action. Even Warren Buffett thinks so.
But if finding individual stocks is your goal, perhaps it's a good idea to look at previous winners to gain insights into the qualities that lead to outperformance. Procter & Gamble (NYSE: PG), whose shares have skyrocketed a ridiculous 4,710% in the past four decades, is a good example. That gain crushes the 2,590% rise of the S&P 500 during the same time period.
This means that a $10,000 investment in the top consumer staples stock in August 1983 would be worth a whopping $480,000 today. Let's take a closer look at what helped drive such a tremendous investment return.
Source Fool.com
