Yahoo Finance Editor-in-Chief Andy Serwer is joined by Executive Director of the Global Fund, Peter Sands at the 2022 World Economic Forum in Davos, Switzerland as they discuss the future of COVID, Global Fund’s mission, and the state of the economy.
The stock market could help you retire as a millionaire if you pick the right companies and hold them in your portfolio for a long time, as doing so will help you gain from the power of compounding and evolving trends in various industries. For instance, a $50,000 investment in Amazon a decade ago is worth about $500,000 now thanks to the stock's nearly 900% gains over the past decade, and that's after accounting for the steep drop in the e-commerce giant's stock price in recent months. Amazon, however, is not the only company that has generated solid returns for investors over the past decade.
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