This Growth Stock Could Produce 10X Returns
Over the next month, would you rather receive $10,000 each day, or have $0.01 that doubles on a daily basis? In the first scenario, you end up with $300,000 -- that sounds pretty good. But if you start with $0.01 and double the sum each day for a month (i.e. $0.02 on day two, $0.04 on day three, etc.), you end up with $5.4 million after 30 days.
Now, you'll probably never buy a stock that doubles for 30 consecutive days, but this example still illustrates the power of compounding growth. A few big winners can transform a diversified portfolio into a market-crushing machine, helping you generate life-changing wealth.
With that in mind, I think UiPath (NYSE: PATH) could grow tenfold over the next 10 years. Here's why.
Source Fool.com
