1 Stock That Turned $1,000 Into $163,000
Based on recent trends in the market and the economy, investors might think that the only way to achieve outsized returns is to allocate capital to the technology sector. After all, that's where some of the most dominant businesses reside. But other sectors can also provide winners.
Since mid-July 1995, one top retail stock has generated a monster total return of just over 16,000%, or 18.5% on an annualized basis. Had you been around to invest just $1,000 into this business back then, you'd have $163,000 today. The company's durable success, coupled with patience and the power of compounding, resulted in a fantastic outcome for shareholders.
Here's more about this business and whether it deserves a spot in your portfolio.
Source Fool.com
