Cathie Wood Is Buying These Top Growth Stocks -- Both Could Make You Rich Over Time
If you're reading this article, you're probably interested in putting your money to work for you. And these days, you don't need to look further than ARK Invest CEO Cathie Wood for great investing ideas. The company's tech-focused exchange-traded funds have delivered exceptional returns over the past few years. The ARK Innovation ETF (NYSEMKT: ARKK) posted an 86% gain over the past year with annualized returns of 34% since inception. Cathie Wood has a habit of picking winners, and some of these stocks, such as Square (NYSE: SQ) and Roku (NASDAQ: ROKU), could make you rich.
Square's been around for a while now, but it's moved way past its humble beginnings as a solutions provider for small businesses. It's expanded with Cash App, Square's personal money management app, that has grown way beyond its original purpose as a peer-to-peer payments app. It now offers stock and cryptocurrency trading, and Square recently announced a foray into online banking. In other words, Square keeps pushing the boundaries of what it can accomplish as a customer-focused fintech, or financial technology, company, and that's why it's a surefire bet for continued growth in its business and stock price.
Image source: Square.
Source Fool.com
