Benzinga | Dec 13, 2021 12:34PM EST

Here's How Much You Would Have Made Owning Broadcom Stock In The Last 5 Years

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 5 years by 12.91% on an annualized basis.

Buying $1,000.00 In AVGO: 5 years ago, an investor could have purchased 5.56 shares of Broadcom at the time with $1,000. This investment in AVGO would have produced an average annual return of 28.76%. Currently, Broadcom has a market capitalization of $259.46 billion.

Broadcom's Share Price Over Last 5 Years

This $1,000 investment would be worth $4,181.37 today based on a price of $630.34 for AVGO at the time of writing. In other words, you would have more than quadrupled your money.

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.