2 Stocks That Could Turn $200,000 Into $1,000,000 in 10 Years
A lot has changed in the past 10 years. In 2011, the U.S. was still recovering from the 2008 financial crisis, and no one had witnessed a deadly pandemic in several decades. Unless you have a crystal ball, it's hard to predict exactly how the next 10 years will develop. But for investors, one thing is for certain: Great businesses will keep beating the market.
If you're looking for excellent stocks to buy and hold through the next decade, here are two that could turn $200,000 into $1,000,000 (that's a compound annual growth rate of about 17.5%) in the next 10 years: Abbott Laboratories (NYSE: ABT) and Match Group (NASDAQ: MTCH). Let's see why both are worth adding to your portfolio.
Abbott Laboratories isn't just a medical devices specialist. The company's diversified operations, including its established pharmaceutical, nutritional products, and diagnostics segments, are a major strength that will help it continue beating the market. Within its established pharmaceuticals division, Abbott Laboratories offers a suite of branded generic pharmaceutical products. This business is particularly geared toward "emerging markets," including China, Brazil, and India.
Source Fool.com
