EU News Digest Latest News & Updates
From hot dogs to gas, Costco is already known for offering its members steep discounts on a wide array of items. Now, members will be able to save money on doctor’s visits too.
On Monday, Sesame, a health-care marketplace that connects patients with doctors, announced a partnership with Costco, allowing members to get discounts on medical services.
Sesame says Costco members will be eligible for its “best pricing,” which includes virtual primary care appointments for $29 and online mental health therapy for $79.
“By partnering with Sesame, Costco is providing its members access to Sesame’s marketplace of low-price healthcare services, virtually or in-person with a provider, all at an exclusive discount,” the Sept. 25 press release reads.
How much an investment in Costco is worth
Costco reported its fiscal fourth-quarter earnings after the closing bell on Sept. 26. Shares are up about 21% year to date.
For the quarter, Costco reported revenue of $78.9 billion versus the $77.9 billion analysts anticipated, according to LSEG. The company also reported earnings per share of $4.86, which beat the $4.79 analysts’ expected.
Here’s how much money you’d have if you had invested $1,000 in Costco one, five and 10 years ago. CNBC’s calculations are based on Costco’s Sept. 25 closing share price of $558.62 and doesn’t account for price movement due to the company’s latest quarterly earnings report.
If you had invested $1,000 in Costco a year ago, your investment would be worth about $1,171 as of Sept. 25, according to CNBC’s calculations.
If you had put $1,000 in Costco five years ago, your investment would have more than doubled to $2,498 as of Sept. 25, according to CNBC’s calculations.
And if you had invested $1,000 in Costco a decade ago, it would have soared to $5,194 as of Sept. 25, according to CNBC’s calculations.
Before you invest, do your due diligence
It’s important to remember that the stock market is fickle and a company’s share price can fluctuate without warning. Just because a particular stock is performing well currently, doesn’t mean it will continue to do so over the long term.
Instead of attempting to select individual stocks, financial experts typically recommend a more hands-off strategy. One way to start your investment journey is with an exchange-traded fund (ETF) or a index fund that aims to mimic the movement of a market index like the S&P 500. The S&P 500 tracks how well roughly 500 large, publicly listed U.S. companies perform.
That way, your investment would be spread across a vast array of stocks, which can diversify your portfolio.
As of Sept. 26, the S&P 500 is up about 18% compared with 12 months ago, according to CNBC’s calculations. Since 2018, the index has ballooned by 49%, and since 2013, it has increased by 155%.
DON’T MISS: Want to be smarter and more successful with your money, work & life? Sign up for our new newsletter!
Want to earn more and land your dream job? Join the free CNBC Make It: Your Money virtual event on Oct. 17 at 1 p.m. ET to learn how to level up your interview and negotiating skills, build your ideal career, boost your income and grow your wealth. Register for free today.
CHECK OUT: 32-year-old mom of 2 has saved over $1,000 on groceries this year by couponing: ‘I promise anybody can do this’
