Want $1 Million in Retirement? Invest $300,000 in These 3 Stocks and Wait a Decade.
The recipe for retiring comfortably requires three key ingredients. First, you must have money to invest, of course. Second, you need assets that will grow your money. Third, you need time to allow your investments to grow.
The more money you have to invest, the less time you'll need to build a solid nest egg -- and vice versa. But the right assets can help tremendously. Want $1 million in retirement? Invest $300,000 in these three stocks and wait a decade.
By my calculations, it will take a compound annual growth rate (CAGR) of 12.8% to turn $300,000 into $1 million over the next 10 years. I think that investing one-third of that upfront amount in Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) should get you a long way toward achieving that goal.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -1.18% for Brookfield Corp. as the target price of 42 € is below the current price of 42.5 €.
