Have $2,000? These 2 Top Coronavirus Stocks Turned $1,000 Into $60,000 in 16 Years
If you invested $1,000 in e-commerce giant Amazon or pizza delivery leader Domino's Pizza 16 years ago, you'd now be sitting on $62,900 or $59,100, respectively, as of Friday. The Domino's total assumes you reinvested your modest dividends.
These are phenomenal gains given the broader market would have turned your $1,000 into about $4,080 over this period.
What's with the rather odd 16-year time period? Nope, no cherry-picking here. It's simply the longest whole-year period we can use because Domino's held its initial public offering, or IPO, just over 16 years ago, on July 13, 2004.
Source Fool.com
