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2 Stocks That Could Turn $1,000 Into $2,000 by 2028

TheMotleyFool

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2 Stocks That Could Turn $1,000 Into $2,000 by 2028: https://g.foolcdn.com/editorial/images/749233/two-people-using-a-fintech-app-for-mobile-phone-digital-payment.jpg

The market tends to double once every seven years, on average. Identifying companies that can do it much quicker than that is key to beating the market. While there are multiple ways to accomplish this task, some paths are easier and more steady than others.

With a long-term buy-and-hold strategy, beating the market is possible -- if you can identify stocks with strong upside ahead from a combination of market opportunity and strong execution. To double your money in five years versus seven requires a compound annual growth rate (CAGR) of 15%.

If you're looking for specific stocks with a chance of achieving this target, these two companies are well worth considering now.

Source Fool.com

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