Retail investors have been able to purchase Target (TGT) stock for nearly 60 years. The company went public in his 1967 year. At the time, it was the Dayton Corporation, and Target was only one of five divisions. A lot has changed since then, and we now have about 2,000 locations across the United States. In the process, stock prices rose sharply. His one share, which he bought at the IPO for $34, is worth more than $15,000 for 96 shares, which isn’t too shabby.
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Most of the current investors did not have the opportunity to participate in the target’s IPO. Still, those who have bought Target stock over the years have enjoyed good returns and steady dividend increases. In fact, the target is a Dividend Aristocrat, a title given to stocks that have not only consistently paid dividends but also increased their value every year for at least 25 years.
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What is $1,000 worth today?
So, if you had invested $1,000 in Berkshire Hathaway stock 10 years ago, how much money would you have today? In May 2014, your initial investment of $1,000 bought you 16.13 shares of TGT. This means that it has been done. Assuming he reinvested all dividends paid over the past 10 years, he would have owned 21.3 shares worth his $3,367.39 at market close on May 2nd, and his return on investment would have been It will be 236.74%.
That sounds pretty good, but investing in a single stock can come with risks. What if he had passively invested in a widely diversified index over the same period? His 10-year return on the S&P 500, the most common index used by passive investors, would have been about 180% over the same period. was. So buying Target was a smart move. The Target acquisition has outperformed the market, even though it’s currently down quite a bit from its 2021 highs.
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This article originally appeared on GOBankingRates.com: If you invested $1,000 in a given stock 10 years ago, how much would it be worth today?
