2 Stocks That Could Turn $10,000 Into $30,000 by 2030
With the broader market trading well off recent highs, it's getting easier to find reasonably valued growth stocks that can deliver above-average returns.
Tripling your investment in eight years is not that hard. Basically, you're looking for a company that can grow revenue, and ideally, profits, at a compound annual rate of 15% or better. That translates to a cumulative return of about 300% over eight years. If you pay a fair valuation for the stock, you should earn a return on investment over that time period that tracks closely with the company's underlying growth.
Etsy (NASDAQ: ETSY) and Airbnb (NASDAQ: ABNB) are two growth stocks that have taken a beating this year but now trade at attractive valuations relative to expected earnings growth. Let's find out a bit more about these two stocks.
Source Fool.com
