These 3 Stocks Could Triple Your Money Over the Next Decade

Tripling your money in one year is not at all common and can involve taking investment risks that are unnecessary to achieve your retirement goals. But landing a triple-bagger over a decade is not that hard at all. It basically involves compounding your money at 12% per year. That's not an unreasonable expectation considering the S&P 500 index has returned an average annual return of 10% over decades.

If you invest in a company with a durable competitive advantage that trades at a fair valuation, the odds will be in your favor. If the company in question grows profits at a compound annual rate of 12% per year, the stock should follow and triple your initial investment.

Here are three stocks with this potential that I would buy today.

Source Fool.com