Could Investing $1,000 in Apple Make You a Millionaire?

Throughout its history, (NASDAQ: AAPL) has done nothing but compound its investors' capital. In the past two decades, shares have skyrocketed to 20,000%, turning a small $5,000 cash outlay into a cool $1 million today (as of Nov. 22). No one would complain about that kind of monster gain. 

But perhaps you're new to the stock market and are wondering what the future might hold with this dominant consumer electronics purveyor. If you invested $1,000 in this "Magnificent Seven" stock right now, could you one day become a millionaire?

I think every investor who aims to buy and hold stocks for the long haul should at least have Apple on their watch list. That's because this is a high-quality enterprise. I doubt very many people will argue with that statement.

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Source Fool.com