5 Cutting-Edge Growth Stocks That Can Turn $200,000 Into $1 Million by 2030

Regardless of whether you're a new or seasoned investor, chances are that this has been a challenging year. Since hitting their respective all-time highs, the 126-year-old Dow Jones Industrial Average and benchmark S&P 500 have entered correction territory with declines of more than 10%. Meanwhile, the growth-stock-dependent Nasdaq Composite has lost about a quarter of its value, placing it firmly in a bear market.

Although the unpredictability and velocity of downward swings in a bear market can weigh on investors in the short term, history unequivocally shows that buying high-quality stocks during these downturns is a smart move.

If you have $200,000 at the ready, which won't be needed for bills or to cover emergencies, the following five cutting-edge growth stocks all have the innovative capacity to turn a $200,000 investment into $1 million by 2030.

Source Fool.com