3 Stocks That Turned $1,000 Into More Than $300,000

Investing in the stock market is one of the best ways to grow your net worth. Since 1971, the S&P 500 has generated average annual returns of 10.9%, allowing patient investors the opportunity to amass life-changing wealth due to the benefits of compound interest.

But there are three specific companies that have absolutely trounced the overall market, producing long-term returns that would be the envy of Wall Street. Investing just $1,000 in these stocks at their respective initial public offerings (IPOs) resulted in massive gains exceeding $300,000 over time.

Read on to learn about these well-known businesses.

Source Fool.com