Could Costco Help You Become a Millionaire?
Are you looking to grow your stock portfolio beyond the million-dollar mark? That's certainly a big, yet achievable goal. The chief challenge to getting there is simply maintaining the right collection of tickers along the way. You need some growth stocks to be sure, but there's much to be said for the predictability of value stocks. While you typically know exactly what you're getting with large-cap stocks, smaller companies offer more explosive potential. Picking the right tickers can be tricky.
To this end, warehouse club-based retailer Costco Wholesale (NASDAQ: COST) is in the large-cap sliver of value stocks; it offers slower growth in exchange for certainty. That's fine but not typically considered millionaire-making stuff (unless you're already starting with a tidy six-figure sum).
The fact is, however, this name's got more growth firepower than you might expect for one underappreciated reason.
Source Fool.com
