2 Stocks That Turned $1,000 Into $10,000
Turning a $1,000 investment into $10,000 sounds like a feat, but over time, many stocks have achieved this. It's more incredible when it happens quickly, but slow and steady typically wins the investing race. Turning $1,000 into $10,000 means letting it grow 1,000%. And often it's nothing more than that -- simply letting it grow, not getting worried about the upticks and downticks, and not panic-selling. Buy shares in great companies, and let the magic of compounding do its work.
Home Depot (NYSE: HD) and Costco Wholesale (NASDAQ: COST) are two stocks that have slowly and securely grown and turned $1,000 into more than $10,000.
Home Depot is the largest home improvement chain in the world, with $132 billion in 2020 sales. It operates 2,317 stores, the vast majority of which are in the U.S., although it also has stores in Canada and Mexico.
Source Fool.com
