2 Growth Stocks You Can Buy Right Now With Less Than $500
Holding shares of growing companies is one of the best ways to build wealth, and the magic of compound interest can take a small amount of money a long way. Just $500 a month invested in stocks at an average annual return of 10% -- the historical return of the S&P 500 index -- would grow to be worth $8.6 million in 50 years.
Here are two growing companies that could perform somewhat better than the market averages.
Floor & Decor Holdings (NYSE: FND) is a leading supplier of hard surface flooring products. As of June, it operated 203 warehouse stores and five design studios across 36 U.S. states. The stock pulled back from its previous high over slowing sales that can be traced back to inflation and lower consumer spending that has hurt many retailers this year.
Source Fool.com
