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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