20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Pioneer Natural Resources (NYSE:PXD) has outperformed the market over the past 20 years by 6.17% on an annualized basis.
Buying $1,000 In PXD: 20 years ago, an investor could have purchased 48.24 shares of Pioneer Natural Resources at the time with $1,000. This investment in PXD would have produced an average annual return of 12.99%. Currently, Pioneer Natural Resources has a market capitalization of $59.50 billion.
Pioneer Natural Resources's Share Price Over Last 20 Years
If you had invested $1,000 in Pioneer Natural Resources you would have approximately $11,813.56 today.
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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