2 Stocks That Could Create Lasting Generational Wealth
The stock market offers the opportunity to invest your savings in the best businesses in the world. Investing in a group of well-chosen growth stocks can pave the way for a happy retirement. Here are two quality growth stocks that can exponentially grow your savings in the decades to come.
Investing in familiar brands is often a smart move. If you're one of the millions of Prime members that regularly shops on Amazon (NASDAQ: AMZN), you already understand why it's a great business. It has used its extensive selection, competitive prices, and fast shipping to capture its share of the $6 trillion global e-commerce market, which has translated to wealth-building returns for shareholders over the last 20 years. The size of that opportunity suggests Amazon can grow for a long time.
It's certainly not too late to start investing in Amazon. The shares have more than doubled over the last five years and continue to hit new highs as the company improves its profitability and scales its cloud-services business. In the third quarter, Amazon said its net sales grew 11% over the year-ago quarter, while lower costs helped drive a 55% increase in net income.
Source Fool.com
