Should You Forget Sirius XM Holdings (SIRI)? This Stock Has Made Far More Millionaires

Once upon a time, satellite radio looked like a get-rich-quick scheme. The two predecessors of Sirius XM Holdings (NASDAQ: SIRI) made some people very rich in the second half of the 1990s, as new cars started shipping with satellite-enabled radios.But Sirius XM's stock peaked at the turn of the millennium, and longtime shareholders have seen share prices drop 97% from that ancient peak. A million dollars invested in Sirius XM on Feb. 17, 2000, would be worth roughly $32,000 on Oct. 10, 2025. With dividends reinvested along the way, you'd have a total return of $40,850 -- still a disastrous result in 25 years and change.With a plethora of media-streaming options and nearly ubiquitous access to high-speed internet connections, Sirius XM looks like an unlikely winner these days. I would much rather invest in a proven performer that made more millionaires than Sirius XM ever did -- and kept building their wealth for decades. In particular, I'm thinking about Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool