3 Stocks That Turned $1,000 Into $1 million

Group 1: Investment Strategies - Investing early and maintaining long-term positions is crucial for stock market success [1] - Diversification is important as it mitigates risks associated with individual stocks [1] Group 2: Company Performance - Amazon has provided significant returns, with a $1,000 investment at its IPO now worth almost $1.9 million, despite downturns [3] - Walmart, while not a growth stock, has shown impressive mid-single-digit growth rates and a $1,000 investment in 1970 would be worth over $4.6 million today [4] - Home Depot, a niche retailer, has outperformed both Amazon and Walmart for early investors, with strong technology investments and a competitive dividend [6] Group 3: Future Potential - Although the massive sizes of these companies make it unlikely for them to increase in value by 1,000 times, they still possess strong business models that can create shareholder value over time [7] - Long-term investing in great companies can lead to wealth creation, even if not every stock will yield millionaire status [7]