One stock can change your fortunes

Lets see the potential of tech stocks to multiply investments significantly over time.


12 June 2024 · Wednesday

Good evening, WeekendInvestor

Today’s Daily Byte

The market’s attention is firmly on the upcoming Federal Reserve events. Scheduled for Wednesday evening, the CPI (Consumer Price Index) release and the FOMC (Federal Open Market Committee) meeting rarely coincide, making this a particularly notable event. The Fed’s decision on interest rates will depend heavily on the inflation data. If the CPI indicates higher-than-expected inflation, the Fed might adopt a more hawkish stance. Conversely, a lower-than-expected CPI could lead to a dovish outlook.

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One stock can change your fortunes

When we look at the rolling ten-year percentage returns of various tech stocks over the past three decades, the results are astounding.

For example, Microsoft once achieved nearly 14,000% return in a ten-year period. This means that an investment of one lakh rupees would have turned into 1.4 crores.

Such impressive returns highlight the potential of tech stocks to multiply investments significantly over time.. . . . .

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Are tech stocks more resilient this time

Tech stocks are a hot topic nowadays. Many people are interested in them, and it’s important to understand their performance. Looking at global stocks, especially those in the US, can be helpful because a lot of data is available.

Plus, you might want to invest in these stocks at some point.. . . . .

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