Here's the Best Stock I Bought in 2020
Media-streaming technology specialist Roku (NASDAQ: ROKU) had been on my radar since it produced the first set-top box that could stream Netflix (NASDAQ: NFLX) content in 2008. The company entered the public stock market nearly 10 years after that. It still looked like a great idea in 2017. Global interest in video-streaming services exploded last year, but I never got around to pulling the trigger on buying Roku stock.
That changed in 2020 when the COVID-19 pandemic turned the entertainment industry inside out. Roku's share prices fell for some ridiculous reason, and I finally picked up a few shares near the absolute market bottom in March 2020, in two separate transactions.
Almost exactly nine months later, my Roku holdings have posted a total return of 283%. You won't find me cashing in those winnings anytime soon, by the way. I expect Roku to be a cornerstone of my long-term investment portfolio for years to come, right next to my older and larger holdings in Netflix, Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Tesla (NASDAQ: TSLA).
Source Fool.com
