Here's How Much You'd Have Had to Invest in Amazon 10 Years Ago to Be a Millionaire Today
In the last decade, the biggest change in the U.S. economy has been the rapid adoption of e-commerce. Once considered a mere curiosity, digital is quickly becoming the preferred shopping method for many Americans. Partially fueled by the pandemic, retailers that invested in the digital channel are reporting tremendous growth, and holdouts are being forced to move into the space or risk becoming irrelevant.
Of course, you can't mention e-commerce without including Amazon (NASDAQ: AMZN). The company essentially wrote the book on e-commerce, and early shareholders have been among the biggest beneficiaries. Obviously, the stock has made investors a lot of money over the past decade, creating many millionaires in the process. But just how much would you have had to invest a decade ago to be a millionaire today?
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Source Fool.com
