These 3 Stocks Could Triple Your Money Over the Next Decade
Tripling your money in a decade is an attainable goal, but it isn't without risks. It requires a compound annualized return of 11.6%, which is about the market's average return over the last few decades, and that level of return isn't guaranteed.
To make market-beating returns, investors need to find companies that are leaders in their industries, see a large potential market, and have solid financials. I think MGM Resorts International (NYSE: MGM), Spotify Technology (NYSE: SPOT), and Coinbase Global (NASDAQ: COIN) are stocks that could triple your money, or more, in the next decade.
The resort and casino business of today isn't anything like the casino business of the 1990s. The days of junk bonds and high leverage are over. This is a cash-flow business, and the Las Vegas Strip is generating more revenue than ever. In 2022 casinos generated $8.3 billion in gambling revenue, more than the $6.6 billion in 2019 and exceeding the all-time high of $6.8 billion in 2007.
Source Fool.com
