If You Invested $1000 In Shopify Stock 10 Years Ago, You Would Have This Much Today

Shopify (NASDAQ:SHOP) has outperformed the market over the past 10 years by 35.77% on an annualized basis producing an average annual return of 48.73%. Currently, Shopify has a market capitalization of $171.14 billion.

Buying $1000 In SHOP:If an investor had bought $1000 of SHOP stock 10 years ago, it would be worth$51,591.87today based on a price of $131.23 for SHOP at the time of writing.

Shopify's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a...