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If you had invested $1,000 in Amazon stock (1997–2024)

$1,000 of Amazon (AMZN) stock bought at the end of 1997 would have been worth $874,064 at the end of 2024 — 874x your money. Bought at the end of 2000, it would be $281,956 (282x). Bought ten years before that, at the end of 2014, it would be $14,138 (14.1x).

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Amazon by the numbers

$1,000 at end of 1997 → end of 2024$874,064874x · +28.5% a year
Last 10 years (2014 → 2024)14.1x$1,000 → $14,138
Best year1998: +966.6%Year-end to year-end
Worst year2000: -79.6%Year-end to year-end
Deepest drop from a peak-86%Peak at end of 1999 → end of 2001 · back to the peak by end of 2007
Best 10-year hold29.3xEnd of 2008 → end of 2018
Worst 10-year hold0.96xEnd of 1998 → end of 2008

Started as an online bookstore in 1994 and listed in May 1997. The stock collapsed when the dot-com bubble burst in 2000–2001, then grew with e-commerce and cloud computing (AWS).

The ride wasn't smooth, though. Someone who bought at the end-of-1999 peak was down 86% by the end of 2001 and needed 8 years to get back to even. The ending looks easy; sitting through the middle was not.

$1,000 invested at the end of each year, valued at the end of 2024

BoughtValue end of 2024MultiplePer year
End of 1997$874,064874x+28.5%
End of 1998$81,95182.0x+18.5%
End of 1999$57,63957.6x+17.6%
End of 2000$281,956282x+26.5%
End of 2001$405,527406x+29.8%
End of 2002$232,282232x+28.1%
End of 2003$83,38783.4x+23.4%
End of 2004$99,07099.1x+25.8%
End of 2005$93,06093.1x+26.9%
End of 2006$111,196111x+29.9%
End of 2007$47,36447.4x+25.5%
End of 2008$85,56685.6x+32.1%
End of 2009$32,61832.6x+26.2%
End of 2010$24,37724.4x+25.6%
End of 2011$25,34825.3x+28.2%
End of 2012$17,49017.5x+26.9%
End of 2013$11,00311.0x+24.4%
End of 2014$14,13814.1x+30.3%
End of 2015$6,4926.49x+23.1%
End of 2016$5,8515.85x+24.7%
End of 2017$3,7523.75x+20.8%
End of 2018$2,9212.92x+19.6%
End of 2019$2,3752.37x+18.9%
End of 2020$1,3471.35x+7.7%
End of 2021$1,3161.32x+9.6%
End of 2022$2,6122.61x+61.6%
End of 2023$1,4441.44x+44.4%

How it's calculated

Looks easy in hindsight?

Knowing the ending, everyone would have bought Apple and Nvidia. Hide the names, show only the mood of the time, and it gets a lot harder. Travel through ten turning points since 1970 and invest for yourself.

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