4 Stocks That Can Turn $100,000 Into $500,000 by the Time You Retire
The stock market is in turmoil this year -- as the big slide in the major indices suggests -- but investors shouldn't forget that buying great companies and holding on to them for the long run is a tried and tested way of multiplying your wealth.
For example, a $100,000 investment in the S&P 500 index a decade ago would be worth more than $350,000 now, assuming the dividends paid out were reinvested. And that's despite the recent slide in the index. So if you're someone who's looking to retire in the next decade with $500,000 and you've got $100,000 to invest right now, the stock market would be a good place to park your funds.
Of course, picking the right companies and holding on to them will be key to achieving this goal. Here are four names that seem capable of giving investors 5x returns in the next decade.
Source Fool.com
