Want to Be a Millionaire? 2 Stocks to Buy and Hold for the Next Decade
Legendary investor Peter Lynch once offered this advice: "All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out." Of course, no one likes to lose money, but not even the best investors are right all the time. Fortunately, stocks can only go down 100%, but there is no limit to the potential upside.
In fact, if you adopt a long-term mindset and build a diversified portfolio, some of those stocks will probably grow several-fold in value. And those monster returns will more than make up for your losses. With that in mind, I think Upstart Holdings (NASDAQ: UPST) and DigitalOcean (NYSE: DOCN) are well positioned to grow fivefold or more over the next decade, a pace that would turn $200,000 into at least $1 million.
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Source Fool.com
