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When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Spark New Zealand Limited (NZSE:SPK) share price is up 35% in the last 5 years, clearly besting the market return of around 24% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 19% in the last year , including dividends .
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>>> Read more: Spark New Zealand (NZSE:SPK) shareholders have earned a 14% CAGR over the last five years
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>>> Read more: Spark New Zealand (NZSE:SPK) shareholders have earned a 14% CAGR over the last five years