2 Beaten-Down Stocks That Could Turn $250,000 Into $1 Million in 10 Years
Randomly pick a stock out of the hundreds that trade on equity markets, and chances are pretty good that it's in the red for the year. It's been a struggle for Wall Street since 2022 kicked off, and with lingering economic issues like inflation, stocks might not have bottomed out yet. However, long-term investors shouldn't let this heightened volatility scare them away.
Downturns always present opportunities to buy great stocks on the low. And those who do so today will congratulate themselves in a decade. Plenty of stocks can turn $250,000 into $1,000,0000 -- a compound annual growth rate (CAGR) of 14.87% -- in the next 10 years. Two excellent candidates are Match Group (NASDAQ: MTCH) and PayPal (NASDAQ: PYPL).
Source Fool.com