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For instance, Invescos popular QQQ ETF has generated an annualized 19.0% return over the past 15 years.
Some stocks have produced those types of returns over the past 25 years, and they can be life-changing.
Nvidia
On a split-adjusted basis, Nvidia stock cost $0.04 per share in 1999.
A $10,000 investment in the AI giant would have brought in 250,000 shares.
Those same shares are now worth $36.5 million today.
Deckers Outdoor
Deckers Outdoor is an athletic apparel company with iconic brands like HOKA and UGG.
The stock was valued at $0.12 per share on a split-adjusted basis.
A $10,000 investment would have been enough to buy 83,333 shares.
They would be worth $16.8 million today.
Monster Beverage
Its notall tech companies.
Monster Beverage hovered at around $0.05 per share on a split-adjusted basis in 1999.
The companys energy drinks have since became a massive hit, and continue to gain market share.
A $10,000 investment would have netted 200,000 shares, which are now worth $10.7 million.
The company offers a wide range of logistics services, and has become a leader in the industry.
A $10,000 investment would have been enough for 20,833 shares, which would be worth $4.3 million.
Investors would have ended up with more than 20,833 shares if they reinvested all of the dividends.
A $10,000 investment would have been enough to obtain 27,027 shares, excluding dividend reinvestments.
Those shares would now be worth $6.6 million.
A company must be growing its top and bottom lines to warrant market outperformance.
Its also important to note how small these companies were in 1999, not just from a price-per-share standpoint.
Apple only had a$6 billion market cap in January 1999.
Meanwhile, Nvidia had a$4.3 billion market cap in January 1999.
Deckers Outdoor only had a$20 million market cap in 1999, shortly due to its stock crash.
Its riskier to invest in companies that have low market caps.
Apple and Nvidia were more established, but still had market caps below $10 billion.
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