3 Stocks That Turned $1,000 into $5,000 (or More)

The stock market is a powerful tool for generating wealth over long periods of time. With returns averaging about 10% each year, you might reasonably expect to double your money about every seven years by simply holding on to a diversified index fund.

But some investments get there much more quickly.

High growth rates, combined with rising profitability, can form the foundation for returns that trounce the broader market. Below, we'll look at a few stocks, Boston Beer (NYSE: SAM), Okta (NASDAQ: OKTA), and RH (NYSE: RH), that have used these trends to jump by roughly 500% in the past three years.

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Source Fool.com