Got $3,000? These Stocks Could Double Your Money by 2030
Buying and holding great companies for the long run is a tried and tested way of increasing one's wealth. Such a strategy allows investors to take advantage of secular growth trends along with the power of compounding. That's something that the likes of Microsoft (NASDAQ: MSFT) and The Trade Desk (NASDAQ: TTD) have helped investors achieve over the past seven years.
A $3,000 investment in these companies in 2016 has increased substantially by now. It won't be surprising for them to replicate their terrific returns through 2030 as well, thanks to big opportunities for them ahead. Let's look at the reasons why Microsoft and The Trade Desk could double investors' money once again by the end of the decade.
A $3,000 investment in Microsoft stock in January 2016 is now worth over $15,000, despite the turmoil that the company has witnessed in the past year, assuming the dividends were reinvested. The technology giant can deliver such solid returns through 2030 as well, thanks to opportunities in cloud computing, video gaming, and workplace collaboration tools.
Source Fool.com
