This Stock Turned $10,000 Into $1.5 Million Over the Past 3 Decades. Here's Why It's a Smart Buy Today.
Progressive(PGR) The Motley Fool·2024-11-02 17:15
This stock is an excellent example of how investing in quality businesses can produce stellar long-term returns.The stock market is one of the greatest wealth creators out there. Over the long run, the S&P 500 index has returned about 10% annually during the past century, rewarding patient investors who take a buy-and-hold approach to investing.Some companies outperform the S&P 500 over extended periods. These companies have strong business models and capital and risk management, which allows them to produc ...