Meet the Monster Stock That Continues to Crush the Market

Investing in the stock market is a great way to build long-term wealth. Key to this is saving consistently and investing in a diverse portfolio of stocks that can help you harness the power of long-term compound returns. One stock that has crushed the market for decades is Progressive (NYSE: PGR).The insurer flies under the radar, but since 2024, it has outperformed the S&P 500, returning 52% versus 38%. Zooming out even further, over the past three decades, Progressive has returned 12,270% on investors' money, or 17.4% compounded annually. In other words, a $10,000 investment in the company back then would be worth $1.23 million today!Progressive has carved out a spot in the insurance industry and continues to display stellar risk management. Here's why it can continue to crush the market for years to come.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool