If You'd Invested $10,000 in Starbucks' IPO, This Is How Much Money You'd Have Now
The phrase "long-term investing" is often bandied around without investors getting a true sense of what it really means. Those who are new to investing and have not had much time in the market may have a fuzzy notion of how long-term investing can do wonders for growing your wealth.
That's why I use a great example like Starbucks (NASDAQ: SBUX) to illustrate how long-term investing can make you an astounding amount of money. Of course, the point here is that you need to have the patience and tenacity to hold on to stock in a great company for years or even decades to fully benefit. It's not always easy to do so, as businesses tend to encounter varying economic cycles along the way which can cause an investor's faith to falter.
But if you find a gem of a business like Starbucks and invest early, this is how much money you could make.
Source Fool.com
