Could Amazon be your ticket to becoming a millionaire by 2030? | 16.01.25

Amazon (NASDAQ: AMZN) certainly made early investors rich. The tech giant’s stock price has soared 222,100% over the past 28 years. An investor who invested just $451 in the company at the IPO would see that balance worth $1 million today. This is a much better gain than that produced by the Nasdaq Composite Index. However, investors who missed the boat are looking to the future and what it could bring to their own portfolios. Can this “Magnificent Seven” stock be your ticket to becoming a millionaire by 2030? Jeff Bezos, founder and former CEO of Amazon, instituted a culture where it’s always “day one.” This simply means that the company will never become complacent, always trying to push the needle to enter new markets and find ways to better serve customers. It continues to work wonders.Continue readingMore articles on MotleyFool More articles on MotleyFool