2 Growth Stocks That Could Double Your Money in 5 Years
Doubling your money can be an enticing goal. However, it's not an easy thing to accomplish. If you want to double your money in five years, you will need to earn a compound annual rate of roughly 15%.
Putting your money in the stock market is a good way to achieve those kinds of returns. Buying stocks gives you an ownership interest in the companies of your choosing. When those companies make profits, you will get your share through dividends or a higher stock price -- or both. The better the business performs, the better your return will be.
Let's look at two stocks that could double your money in five years.
Source Fool.com