How Much Would You Have If You’d Invested $1,000 in These Top Companies 5 Years Ago?
Investing Food for Thought
Investing is always a smart move because it allows you to grow your money and provide you a higher return on your investment than when you initially started. Yes, there are risks with investments, meaning that you could lose your initial investment if the company goes defunct.
However, if you are wise with your money, have savings, have investments and be diversified, it can be very beneficial in helping you grow your wealth at a higher rate (that keeps up, or more than keeps up with inflation) as opposed to just keeping your cash under your bed or in a low-interest savings account.
If you’d invested $1,000 in the year 2019, you would have $1,664 in the year 2023, which is a 66% return on your investment.
If you’d invested $1,000 in the year 2019, you would have $1,544 in the year 2023, which is a 54% return on your investment.
Apple
If you’d invested $1,000 in the year 2019, you would have $3,760 in the year 2023, which is a 276% return on your investment.
Vanguard S&P 500 ETF
If you’d invested $1,000 in the year 2019, you would have $1,636 in the year 2023, which is a 64% return on your investment.
Disney
If you’d invested $1,000 in the year 2019, you would have $981 in the year 2023, which is a -1.8% return on your investment.
If you saved $1,000 under your bed
If you saved $1,000 in the year 2019, you would have $1,000 in the year 2023, which is a 0% return on your investment. However, because of inflation, the average inflation over the 5 years (2019- 2023) is at 4.05%, your real value of money would have been only worth $959.
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