Cover art for podcast Money! with Stacy Johnson

Money! with Stacy Johnson

100 EpisodesProduced by MoneyTalksNews.comWebsite

Welcome to Stacy Johnson's "Money!" A podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

32:42

How I Used the Stock Market to Turn $1,500 Into More Than $1,000,000

Imagine investing $1,500, then watching it grow to nearly $1,400,000 two decades later.

About 20 years ago, I bought 200 shares of Apple stock for around $1,500. Since then, thanks to stock splits, my 200 shares grew to 2,800 shares. Apple is now worth $500/share, so those 2,800 shares would now be worth $1,400,000.

Alas, I've sold a good bit of my position over the years, but the amount I have left is still worth north of $550,000. And some of the money from the shares I sold went into other high-flyers, including Google, Facebook, Microsoft and Amazon.

How did I know to buy these stocks? It wasn't rocket science. In fact, it's something you can, and should, learn how to do yourself. That's the topic of this week's "Money" podcast.

This week I'm going to share my personal portfolio with you, explain how I make my investment decisions, and why you might not want to put all your eggs in an index-fund basket.

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