2 Game-Changing Stocks That Could Help Set You Up for Life
The markets created a lot of headaches for investors this year, but this is no time to second-guess past mistakes. History shows that lower valuations set the stage for wealth-building gains over the long term, and there are plenty of strong companies with enormous growth opportunities to buy right now.
While no one knows what will happen in 2023, it might be helpful to discuss two fast-growing companies that are still in the early innings of capturing a sizable addressable market. These two stocks should be trading significantly higher in 10 years than they are today and could set your long-term portfolio up for life.
The migration to digital services is creating explosive growth opportunities for companies serving enterprises large and small. Bill.com (NYSE: BILL) is a cloud-based software platform that helps small businesses automate back-office operations like managing invoices, payments, employee expenses, and other accounting tasks. The company has over 400,000 businesses using the platform, but it's scaling up very fast. In the most recent quarter (Q1 of fiscal 2023), revenue of $230 million nearly doubled year over year, and a look at the growth trends suggest Bill.com will be a much larger business in another decade.
Source Fool.com
