Want $1 Million in Retirement? Invest $100,000 in These 2 Stocks and Hold Until 2035
Over the past 15 years, the S&P 500 has risen in price 232%, which results in a 9.8% compound annual growth rate without inflation. If this continued for the next 15 years, you would have over $300,000 in savings to retire on if you invested $100,000, which is bigger than the average 60-year-old American's 401(k) balance.
While this strategy could produce solid returns, there are two stocks that could crush that average by 2035. Here's why I think Latch (NASDAQ: LTCH) and Lemonade (NYSE: LMND) have the potential to provide high-quality returns so that you can retire right.
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Source Fool.com
