A Motley Fool Writer Turned a $1,000 Netflix Bet Into More Than $100,000 by Staying Invested for Decades
3 min read · RealCase summary
Selena Maranjian, who attended business school but got little formal investing education there, started investing in her early 30s -- later saying she wished she'd started in her 20s -- and learned much of what she knows from the Motley Fool.
Her best pick was Netflix: she put in $1,000 that, over what she describes as "a decade or two," grew to more than $100,000. She held through the dot-com crash around 1999-2000, the 2008 financial crisis, and the 2020 COVID crash rather than selling.
Along the way she made the mistakes she now warns against -- overtrading, chasing hot stocks, selling winners too early, and checking her portfolio multiple times a day. Her total portfolio has since grown past $1 million, which she credits mainly to persistence and staying invested for decades rather than to stock-picking skill.
Key takeaways
- ›Started with a portfolio of individual stocks worth around $10,000 in her early 30s
- ›Held through the dot-com crash, the 2008 financial crisis, and the 2020 COVID crash without abandoning the market
- ›A $1,000 stake in Netflix alone grew to more than $100,000 over a decade or two, and the total portfolio topped $1 million
Original source
Read the original (Yahoo Finance)
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