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.
Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 20 years by 1.78% on an annualized basis producing an average annual return of 9.9%. Currently, Automatic Data Processing has a market capitalization of $91.82 billion.
Buying $100 In ADP: If an investor had bought $100 of ADP stock 20 years ago, it would be worth $651.76 today based on a price of $221.58 for ADP at the time of writing.
Automatic Data Processing's Performance Over Last 20 Years
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.
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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