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This Stock Skyrocketed 3,470% in 10 Years and Still Has Room to Grow
Focusing too much on the market's short-term volatility can cause investors to forget that broader equities tend to deliver strong returns over the long run. Zooming out always helps -- when looking at a chart of the performance of major indexes over long periods, even corrections look like relatively minor blips.It's also helpful to pick out companies that have performed well for a decade or more, but still look likely to deliver monster returns to investors. E-commerce specialist Shopify (NASDAQ: SHOP) is a great example. Since its initial public offering 10 years ago, the company's shares have soared by 3,470%. Yet Shopify still has plenty of room to run.Image source: Getty Images.Continue reading
Focusing too much on the market's short-term volatility can cause investors to forget that broader equities tend to deliver strong returns over the long run. Zooming out always helps -- when looking at a chart of the performance of major indexes over long periods, even corrections look like relatively minor blips.
It's also helpful to pick out companies that have performed well for a decade or more, but still look likely to deliver monster returns to investors. E-commerce specialist Shopify (NASDAQ: SHOP) is a great example. Since its initial public offering 10 years ago, the company's shares have soared by 3,470%. Yet Shopify still has plenty of room to run.
Image source: Getty Images.
