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May 22 marked the 15-year anniversary of the 2002 initial public offering of Netflix Inc. (Nasdaq: NFLX).
At the time, no one had heard of "House of Cards," and it would be three years before YouTube would put streaming video on the average person's radar.
In that oh-so-distant past, Netflix was a mail-order DVD rental service. Its major innovation was eliminating late fees. Netflix's creative new business model ultimately drove its top competitor Blockbuster Video to a slow, painful death.
Netflix has overhauled its business substantially from its early days, and $1,000 invested in its IPO would be worth $130,000 today. But is Netflix still a good buy?
Find out why Keith Fitz-Gerald thinks there's reason to be concerned about Netflix. He also tells us if virtual reality technology is worth your investment dollars yet…
Keith on Netflix:
Keith on virtual reality tech investing:
Editor's Note: "Must-have" companies backed by Unstoppable Trends are a cornerstone of Keith's wealth-building strategy. But there's another type of investment he wants Money Morning Members to know about. It's one of his favorites, a kind of "desert island fund" he'd buy if he had to park his money in one place, "retire" from civilization for 20 years, and come back to a pile of money. Click here to learn more…