4 Stocks That Could Turn $100,000 Into $500,000 by the Time You Retire
The key to enjoying a happy retirement is to invest your money as early as you can and watch it compound over the years. Of course, choosing the right companies is of utmost importance for this process to work best. Businesses that can consistently grow their revenue, net income, and cash flows should see their share prices head higher.
Given a time horizon of 20 years and an annual growth rate of 8.5%, your investment will multiply by slightly more than fivefold. Assuming you pumped in an initial $100,000, this will grow to an impressive $500,000 by the time you are ready to call it a day. The key to achieving this is to select market leaders that can consistently grow their business and gain market share. They also need to display both a track record of innovation and the ability to take advantage of technology and trends to power ahead.
Here are four stocks that should easily be able to multiply your funds by the time you decide to retire.
Source Fool.com
