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It's a very short list of stocks that have been good investments for the past 10 years, and still remain so today.
Among that list of powerful names on that list is Microsoft stock.
Microsoft stock started trading on March 13, 1986. Since then, the stock has generally gained value. There's been a few dips here and there, but for investors, MSFT stock is an overall winner that's been a great investment for the long term.
Microsoft stock has paralleled the success of Microsoft the company. On the success of Microsoft, co-founder Bill Gates has become the second-richest person in the world. His worth is estimated to be $96 billion. Gates remained the CEO of Microsoft until 2000 when he stepped down to focus on philanthropy.
Microsoft Stock Price History
What if you had been one of those early investors in Microsoft stock? Well, you'd likely be pretty wealthy today.
Let's do the math.
On March 13, 1986 when MSFT stock debuted during its initial public offering (IPO), the opening price was $21 per share. But, the price quickly shot higher once it started trading.
Because the Microsoft stock was so strongly sought after, the first trade was at $25.50. Even in 1986, investors knew the Microsoft stock was a good investment.
So, if you had invested $1000 in MSFT stock in 1986, what would it be worth today? It would be worth a whopping $1.6 million. That number includes price appreciation and dividends.
One interesting fact about Microsoft's IPO is that it wasn't necessarily what the company wanted. Microsoft waited 11 years before their IPO and were generally successful during that time. They even enticed top talent and employees to the company through offers of stock options. But, it was estimated that by 1987, the company would have to register with SEC. So, they decided upon an IPO instead.
On that first day, Microsoft sold 3 million shares. You can imagine that the Microsoft stock price shot up, even on that first day. With a 45% stake in Microsoft, Gates quickly became a multimillionaire. At 39, Gates received the title of world's richest man with $12.9 billion. He held that title for many years.