How’d you like to buy 100 shares of Apple (AAPL) spending $2,200 and then turn that into 5,600 shares worth $632,800?
That’s exactly the return on your investment had you bought those 100 shares back when Apple went public on today’s date back in 1980.
These are the figures Stephen Gandel of Fortune crunched yesterday. Not a bad return on your money, eh?
But you want to hear a funny?
Thirty five years ago today, Apple’s IPO was deemed risky by folks way smarter than Steve. 🙂
Image Source: Apple Stock, Fortune; Apple IPO article: Wall Street Journal