Could Microsoft Stock Help You Retire a Millionaire?
The million-dollar mark has long been a benchmark for financial success in many people's eyes. Achieving this milestone isn't a walk in the park by any means, but it can be more accomplishable than many realize, thanks to the power of investing and compound interest.
A $10,000 investment in Microsoft 30 years ago, at the start of January 1994, would be worth nearly $2.4 million today with dividends reinvested. There's no doubt Microsoft has made many millionaires (and even billionaires) during its rise to the $2.7 trillion tech giant it is today, but does the company have enough growth ahead of it to create many more? Well, I believe so.
I wouldn't expect Microsoft's total returns to be almost 24,000% in the next 30 years, as they were over the past 30 years, but consistent investments in the company could lead to substantial growth.
Source Fool.com
Microsoft Corp. Stock
With 151 Buy predictions and 4 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 501 € shows a slightly positive potential of 16.25% compared to the current price of 430.95 € for Microsoft Corp..
