“Thirty-five years ago this weekend, Apple went public. At the offering price of $22 a share, 100 shares would have cost you $2,200,” Stephen Gandel writes for Fortune. “Since then the stock has split four times, including three 2-for-1 splits and one 7-for-1 split, which occurred last year.”
“That means your 100 shares would have multiplied into 5,600 today, and your initial investment would now be worth $632,800,” Gandel writes. “That’s a return of 28,663%. And that’s before dividends, which would have added another $5,936 to your return so far this year alone.”
Gandel writes, “By comparison, a $2,200 investment in the S&P 500 in the same time would have netted you about $79,000.”
Read more in the full article here.
MacDailyNews Take: That’s a pretty decent investment outcome.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]