3 Stocks That Can Turn $5,000 into $25,000 in 10 Years
Turning $5,000 into $25,000 or more in a period of 10 years isn't a pipe dream when investing in the stock market. It's an ambitious, but not unrealistic goal that can be achieved if you pick the right stocks and hold them for the long term. This type of growth will require slightly higher returns than the annualized average of 13.43% the S&P 500 index has offered over the last decade.
That means to achieve the 16.2% return that would be needed to turn $5,000 into $25,000, you'll want to focus on buying reliable stocks backed by long-term demand in high-growth industries. Three real estate investment trusts (REITs) that bill perfectly right now are Plymouth Industrial REIT (NYSE: PLYM), Independence Realty Trust (NYSE: IRT), and Invitation Homes (NYSE: INVH).
Plymouth Industrial REIT is a smaller but fast-growing industrial REIT that directly serves the budding e-commerce, manufacturing, and omnichannel industries. The company, which went public in 2017, has acquired over $1.36 billion worth of warehouse, distribution, light manufacturing, and small bay industrial space for a total of 151 properties in 10 states.
Source Fool.com
