Want $1 Million? Invest $250,000 in These 5 Stocks and Wait 10 Years
Whether you're a novice investor or someone who's been putting their money to work on Wall Street for multiple decades, there's one universal lesson the stock market is always willing to teach: Patience pays.
Despite the broad-based S&P 500 undergoing 38 double-digit percentage declines over the past 71 years, each and every one of these drops was eventually erased by a bull-market rally. In other words, if you buy great companies and allow your investment thesis to play out over many years, if not a decade (or longer), your chance of generating life-altering wealth goes way up.
For example, if you want to be a millionaire, the stock market can help make that a reality. If you invest $250,000 into the following five stocks and wait 10 years, you could have $1 million, if not more.
Source Fool.com
