2 Smart Stocks With the Potential for Fivefold Growth
A recent study from Brazil suggests that only 1.1% of day traders earn more than minimum wage. In other words, even though it may be tempting to try your hand at timing the market, short-term investment strategies tend to fail.
If you want to build lasting wealth, buy and hold high-quality stocks over a multiyear horizon, meaning at least five years. Investors who take this approach don't have to worry about fleeting market volatility, or the higher tax rates imposed on short-term capital gains. More importantly, a long-term strategy leaves plenty of time for compounding to supercharge your portfolio.
With that in mind, here are two smart stocks that could grow fivefold over the next decade.
Source Fool.com
