Want $1 Million in Retirement? Invest $50,000 in These 3 Stocks and Wait a Decade
The stock market could help you retire as a millionaire if you pick the right companies and hold them in your portfolio for a long time, as doing so will help you gain from the power of compounding and evolving trends in various industries.
For instance, a $50,000 investment in Amazon a decade ago is worth about $500,000 now thanks to the stock's nearly 900% gains over the past decade, and that's after accounting for the steep drop in the e-commerce giant's stock price in recent months. Amazon, however, is not the only company that has generated solid returns for investors over the past decade.
Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Tesla (NASDAQ: TSLA) have also generated massive returns in the past 10 years, and it won't be surprising to see them maintain their trajectory in the coming decade. Let's see why investors can put $50,000 in these companies and retire as millionaires after a decade.
Source Fool.com
