Got $500? 2 Top Growth Stocks to Buy That Could Double Your Money
It's very difficult to pick stocks that will double in value within one year. But it's not that difficult to pick stocks that can double in, say, five years. A 100% return over five years equates to a compound annual return of 15% per year. If you invest $500 per month at 15% per year over 30 years, you will have $3.4 million. The best way to do this is to look for growing companies that are selling at modest valuations.
The market sell-off has brought valuations of industry-leading companies down to conservative levels. I believe chances are very good that a $250 investment split between Meta Platforms (NASDAQ: FB) and Corsair Gaming (NASDAQ: CRSR) could turn into a combined $1,000 in five years. Here's what you need to know.
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Source Fool.com
