Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Stocks That Could Make You Rich


Investing in the stocks of high-quality, growing companies for a long period of time is the most likely way for us regular folk to get rich. We're not likely to make millions being professional athletes or actors, we're probably not going to inherit millions, and we're almost certainly not going to win the lottery.

But if you're young and don't have any credit card debt or other high-cost debt, I suggest opening a brokerage account -- an IRA if you don't have one yet -- and adding as much as you can every month (up to the maximum in the case of an IRA). Consistently buying more of the right kinds of companies, through thick and thin, for a long period of time is almost certainly going to turn out very well.

And what are the right kinds of companies? We need to invest in companies with huge growth runways ahead and impenetrable competitive advantages so we can be confident that growth will continue without disruption. There aren't many companies like this, but here are three that fit the bill. Invest in these for a few decades, and you'll probably end up rich.

Continue reading


Source Fool.com

Like: 0
Share

Comments