3 Stocks That Turned $1,000 Into $1 Million
If investing feels rather intimidating, don't let that stop you from starting, or at least beginning to learn how. That's because over the long term, equities, on average, are almost certain to appreciate, and they grow much faster than inflation rises. Keeping your savings in a bank -- especially at today's rock-bottom interest rates -- is almost certain to erode your wealth due to inflation. For a stress-free retirement, you'll need to invest early and often.
If you're intimidated by trying to pick stocks yourself, fear not. You can choose from many actively managed mutual funds and low-cost passive index funds that can give you diversified exposure to a broad index of equities.
However, it can also pay to invest a portion of your savings in individual stocks, because winning growth stocks can go on to beat the broader market by staggering amounts. In fact, investing in one of the top stocks in the world at a relatively early stage has the potential to fund your entire retirement.
Source Fool.com
