Got $1,000? 2 Tech Stocks to Buy That Could Double Your Money
Doubling your money in the stock market isn't as hard as you might think. Thanks to the power of compounding, it only takes a few years of decent returns to get that result. If you choose the right stocks.
Of course, many stocks have jumped by 100% or more amid the market rally over the past 15 months. Yet it only requires about six years of growth at a 12% compound annual rate to double your investment.
You could get close to those returns by simply owning an S&P 500 index fund. The wider market has gained about 15% per year over the past decade, on average. Yet investors can aim for even better results by also buying individual growth stocks. Let's look at two stocks that have a great chance of outperforming the market from here.
Source Fool.com
