In January 2007, I bought shares of a little known, US-based business doing DVD rentals by mail.
Little did I know that, by doing so, I had bought the first of a set of five coveted stocks that are now affectionately known as “FAANG”.
You see, that DVD-rental business slowly but surely morphed into a massive global online streaming service.
The company’s name? Netflix (NASDAQ: NFLX).
I still own around half of my shares from 13 years ago, and those shares are up over 160 times my original cost.
But that was not all.
Along the way, I picked up shares of Apple (NASDAQ: AAPL) (June 2010), Amazon (NASDAQ: AMZN) (June 2010) and Google (now known as Alphabet (NASDAQ: GOOGL), March 2011).
But the time the term FAANG was coined in 2013, I had collected four of the brightest technology companies of the past decade. I still own all of them today, along with shares of Facebook (NASDAQ: FB)...