2 Stocks That Turned $10,000 into $35,000 (or More)
One effective way to filter for great companies to own is to observe how well the business performed over five years. This is a sufficient period to assess if management delivered on growth initiatives and if the company managed to latch onto industry tailwinds. Share prices will, over the long term, track the financial health of the business.
You may argue that you cannot enjoy the past successes of a company, and you'd be right to say that. However, I firmly believe that a business enjoys momentum when it is executing well and doing something right, and this momentum can carry on into the future to allow the company to grow and expand further.
Stocks that have multiplied your money over time have a good chance of doing so again. Here are two stocks that would have grown your original investment by several times if you had held them over the past five years.
Source Fool.com
