5 Stocks That Could Turn $50,000 Into $1 Million by 2040
If a stock goes up roughly 19% per year for 18 years, it would go up about 20 times in value. On the first side of this equation, you have 19%, which looks like an ordinary number. On the other side you have an extraordinary 20-bagger, showing just how crucial the factor of time is when investing.
Finding a stock that can go up 19% in a given year is relatively easy. Finding a company that can sustain business success over nearly two decades is extremely difficult. For this reason, I'll stop short of guaranteeing any of the following stocks will achieve this feat. But I believe each of these five companies has the potential for longevity and the business fundamentals that can turn a $50,000 investment into $1 million by 2040.
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Source Fool.com
