This Growth Stock Could 10x in 10 Years
Whatever your investing approach and risk tolerance, envisioning your stock gaining 1,000% in 10 years sounds enticing. Many stocks have done it, although they're a rare breed. In almost every case, there were steps backward for every step forward. That means if you want to see those kinds of gains, you need to have a long-term mindset, and you need to learn how to ride through the bear markets -- like the one investors have been experiencing of late -- and keep your eye on the goal.
The good news is, it doesn't take too many top picks to make up for any mediocre picks. In his most recent letter to shareholders, Warren Buffett explained that his extraordinary success as a money manager amounted to just a few good decisions that bore fruit over time. He admitted he's made poor decisions as well, but those fade away, and the good decisions make up for them.
Keeping those nuggets in mind, one stock I could see 10x-ing in 10 years is Global-e Online (NASDAQ: GLBE). Here's why.
Source Fool.com