If you invested $1,000 in Apple stock 20 years ago, you might be shocked to know that it would be worth more than $695,000 today.
In contrast, the same $1,000 invested 20 years ago in the S&P 500 would be worth a bit little than $7,300 over the same period.
Even after gaining nearly 19% for the year-to-date – vs. a 5.8% rise in the S&P 500 – Apple stock is still some 17% below its record close of early 2022. In the process, Apple’s market capitalization has dropped to $2.45 trillion from $2.97 trillion – a loss of more than a half-trillion dollars in shareholder value.
That’s painful for anyone who came to the Apple party late, but it’s tough to have much pity for truly long-time shareholders. After all, they’ve enjoyed almost incomparable returns over the past few decades.
From January 1990 through December 2020, AAPL stock created $2.67 trillion in shareholder wealth, or an annualized dollar weighted return of 23.5%, according to an analysis by Hendrik Bessembinder, a finance professor at the W.P. Carey School of Business at Arizona State University.
Indeed, per Bessembinder’s findings, which account for a stock’s increase in market value adjusted for cash flows in and out of the business and other adjustments, Apple is one of the 30 best stocks of the past 30 years…
Over the past two decades, Apple stock generated a total return (price change plus dividends) of more than 69,000%, or more than 38% annualized.
MacDailyNews Take: Not a bad return.
“If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you’re patient.” – Peter Lynch
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I know!!
If you invested $1000 in DFCO back in July 2009 it would be worth over $3mil. 🙂
In 2004, on a whim, instead of a bank’s ISA, I bought £500 of Apple shares. Back then it was not easy without paying heavy fees and commission if you lived in the UK. I ended up with 1500. My bank manager was incredulous, almost angry that I ignored his advice.
He was even more despairing when Apple started paying dividends and I bought more shares. To this day he still writes it off as a risky investment. He’s in denial.
This same investment has enabled me to build a house, pay for two weddings and a retirement income.
And I still have those shares along with the G5 PCI-X cheese grater of that year.
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