Got $10,000? Here Are 4 Stocks to Double Your Money
Given how volatile the stock market has been in 2020, you might assume that investing is pretty complicated. After all, we witnessed the S&P 500 lose a third of its value in less than five weeks, then recoup all of its losses (and then some) in the subsequent five months.
But the fact is, investing isn't difficult. The secret to big gains is simply buying into great companies that offer sustainable competitive advantages and (here's the key) holding them for long periods of time. Since every single correction in history has eventually been wiped out by a bull market rally, any notable downside in the market represents an opportunity to buy, assuming you have a long investing horizon.
Furthermore, you don't need to be Warren Buffett or a Rockefeller to make money in the stock market. If you have $10,000 to put to work, that's more than enough capital to build wealth over the long run. With time as your greatest ally, here are four stocks you can invest $10,000 in right now that shouldn't have any trouble doubling your money.
Source Fool.com
