2 Stocks That Turned $1,000 Into $1 Million
Getting in on the right stock early can make all the difference in the world for your retirement. But how do you identify a potential millionaire-making stock?
While looking for companies that turned a small investment into a large sum, I've noticed two basic characteristics millionaire-making stocks have in common.
First, these stocks tend to grow revenue consistently fast in the early years. That might be stating the obvious, but if you want to build wealth through stocks, you've got to invest in growth. One dollar compounded at 20% for 30 years turns into $237. Start with $10,000 and that turns into $2.37 million.
Source Fool.com
