Could Apple Stock Help You Become a Millionaire?
Undoubtedly, technology giant Apple (NASDAQ: AAPL) has created life-changing wealth for countless investors. All you had to do was be fortunate enough to hold the stock for a stretch of the stock's 143,000% lifetime total returns. But today, the company has a $2.3 trillion market capitalization, so it's far too large to see returns that high moving forward.
But don't make the mistake of doubting Apple's wealth-building prowess. The stock might be past its golden years, but there is plenty of juice to squeeze for long-term investors. Here is how Apple can still help you build a diversified million-dollar portfolio -- it just might take a bit longer. Let's dive in.
Steve Jobs co-founded Apple in 1976, but it wasn't until the company invented the iPhone some 31 years later that the company's trajectory shot into the stratosphere. Today, the iPhone is Apple's core product, surrounded by an ecosystem of apps and subscription services generating ancillary revenue.
Source Fool.com
