Could Costco Be a Millionaire Maker Stock?
Wall Street likes to overcomplicate the search for life-changing investments. If you only try to follow the get-rich-quick prescriptions, you'll likely waste time researching obscure technologies or hunting for unknown companies that may or may not be on the cusp of revolutionizing some industry.
Yet there are really two ingredients you need in a hit investment. Just find a business with an enduring competitive advantage, and hold on to the stock for long enough to let those returns compound into something great.
The best part about this approach is that it doesn't require you to discover and hold a tiny, volatile stock that might crash at any time. If it's a proven market share leader like Costco Wholesale (NASDAQ: COST), your odds of success go up even though the retailer is already a well-known commodity on Wall Street.
Source Fool.com
