Could Pfizer Stock Help You Become A Millionaire?

For any investment, getting it to $1 million can be a lofty goal to set. It's by no means an easy task, and will require a sizable buy-in, lots of patience, and good returns along the way. Below, we'll look at whether pharmaceutical giant (NYSE: PFE) is the type of business that has the potential to grow a $25,000 investment into $1 million, or, 40 times the original investment, over the long term.

This is the first question you should ask when thinking about whether a stock can generate serious returns over the long run. If it isn't likely to outperform the S 500, then you're better off simply investing in the index. The S has averaged a long-term return of around 10% per year. At that rate, if you invested $25,000 for a period of 25 years, then your investment would grow to a value of nearly $271,000. And if you held on for 30 years, then it could be worth over $436,000.

While those are significant amounts of money, they're still nowhere near $1 million. If you're picking an individual stock as a potential millionaire-making investment, you need to have confidence in its ability to beat the market because if it can't, then there's little chance of your investment getting to $1 million.

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Source Fool.com