3 Stocks That Turned $20,000 Into More Than $135,000
If you're a twenty-something investor looking to retire early, a 20-year time horizon for investments is what you should look at. And you don't need a six-figure salary, or to start your own business, to build up an adequate nest egg.
With relatively minimal capital investment, a good investment can use the magic of time and compounding interest to bring investors closer to a $1 million portfolio. By investing just $1,000 per year each year for 20 years, investors even in relatively stable blue chip companies can build substantial wealth. Taking that investment approach 20 years ago with Costco Wholesale (NASDAQ: COST), NextEra Energy (NYSE: NEE), and AutoZone (NYSE: AZO) would have resulted in accounts with about $135,000, $166,000, and $187,000, respectively, today.
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Source Fool.com
