Want $1 Million in Retirement? Invest $250,000 in These 3 Stocks and Wait a Decade
People saving for retirement often dream of crossing the $1 million milestone. While it is far from obvious that this amount is enough to live out the rest of one's life comfortably, it is still a laudable goal to aim toward. And investing in stocks can help. Turning $250,000 into $1,000,000 in 10 years is no easy task -- it requires a compound annual growth rate (CAGR) of almost 15%.
However, some companies are capable of pulling that off. Let's consider three stocks that could: Vertex Pharmaceuticals (NASDAQ: VRTX), DexCom (NASDAQ: DXCM), and Amazon (NASDAQ: AMZN). There are no certainties in life, but these three have a reasonable shot at pulling off a 15% CAGR through the next decade.
Source Fool.com
Dexcom Inc. Stock
€62.50
-0.350%
With 26 Buy predictions and not a single Sell prediction Dexcom Inc. is an absolute favorite of our community.
As a result the target price of 121 € shows a very positive potential of 93.6% compared to the current price of 62.5 € for Dexcom Inc..
