2 Stocks That Could Turn $1,000 Into $5,000 by 2030
Turning $1,000 into $5,000 in seven years is no small feat on the stock market. That would be a total return of 400%, or an annualized rate of 26%. Compare that to the historical average annual return of 9% for the S&P 500, or 82.8% for the seven years. That gap shows the power of compounding on the stock market, which will accelerate the gains from higher annual returns.
For a stock to 5x over seven years isn't impossible. In fact, dozens of stocks do this in a typical seven-year period. Here are two stocks that have the potential to turn $1,000 into $5,000 by 2030.
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Source Fool.com
