3 lessons from owning FAANG stocks for over a decade

IN January 2007, I bought shares of a little known, US-based business doing DVD rentals by mail. Little did I know that, by doing so, I had bought the first of a set of five coveted stocks that are now affectionately known as "FAANG".

You see, that DVD-rental business slowly but surely morphed into a massive global online streaming service. The company's name? Netflix (NASDAQ: NFLX).

I still own around half of my shares from 13 years ago, and those shares are up over 160 times my original cost.