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3 Lessons from Owning FAANG Stocks for Over A Decade
By The Smart Investor  •  July 24, 2020
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)...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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