Block (NYSE: SQ) is at the forefront of the digital payments revolution and has gained 420%, or 21%, compounded annually since its public debut. With digital payments expected to explode, does Block have what it takes to make you a millionaire? Let's dive in and find out.
To be a millionaire maker, a stock must deliver incredible results over a long period. For example, if you start with an initial investment of $10,000, which you don't add to over time, these are the returns you would need over various holding periods to reach the coveted million-dollar milestone:
Holding Period
Source Fool.com