If You'd Invested $10,000 in Costco 10 Years Ago, Here's How Much You'd Have Today
A decade of membership fees and steady growth turned a modest stake into a small fortune.
Overview
Ten years ago, Costco Wholesale (NASDAQ: COST) traded around $155 a share. If you had put $10,000 into the membership-based retailer back then and reinvested every dividend along the way, you would be sitting on about $72,000 today. That is more than seven times your money, or an average of about 22% a year -- the kind of compounding most investors only dream about, and it came from a warehouse-club stock.
So, what produced that result? And can the next decade for Costco stock come anywhere close?
Image source: Getty Images.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.