3 Stocks That Turned $10,000 into $50,000 (or More)
Maybe you've dreamed of turning a $10,000 investment into $50,000 but worry it will take too long. In fairness, quintupling your money in the stock market normally does take a long time and there's no guarantee you can make it happen. For example, if you invested $10,000 in an S&P 500 index fund in March 2009 -- nicely timing the bottom of the Great Recession bear market -- it would be worth $50,000 right now over 13 years later.
However, restaurant chain Chipotle Mexican Grill (NYSE: CMG), advertising technology company The Trade Desk (NASDAQ: TTD), and beverage company Celsius Holdings (NASDAQ: CELH) would have at least quintupled your money over just the past five years. And the good news for investors is these companies still have more upside opportunity ahead.
Chipotle Mexican Grill ended 2017 with 2,408 restaurant locations. That may sound like a lot, but management had its sights set much higher: It believes North America can support 7,000 locations and over the past five years, it's furiously opened new locations -- even during a global pandemic -- and now has about 3,100 open for business. The company is expecting to open up to 385 new restaurants in 2023.
Source Fool.com
